> what profits are you talking about to offset the losses?
replyYou don’t need profit to offset the losses.
You can simply reduce spending / expenses.
In principle yes, but all metrics so far suggest they are losing money every user interaction. There is very little network effect with these tools so It's not like they can start cutting back on staff and feature deployment.
replylol that’s a line so incredibly naive it hurts.
replyOne does not “simply” reduce spending.
> One does not “simply” reduce spending.
replyWhy does stock price go up after mass layoffs?
What happens when the only way to reduce spending is to reduce your assets? Seems like circular logic at that point. I suppose the market isn’t expected to be rational all the time, but eventually it is.
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