How is this article on the front page of HN? It conflates cash flow with net income, and shows a lack of understanding of the business models of these companies.
Also... "why did we allow so many unprofitable companies IPO? When did losing money become acceptable and the new normal for publicly traded companies?"
This shows a fundamental misunderstanding of how public markets work.
Also... "why did we allow so many unprofitable companies IPO? When did losing money become acceptable and the new normal for publicly traded companies?"
This shows a fundamental misunderstanding of how public markets work.