[pmart123]

Both of your points are likely true. Slack probably could become profitable on a near-term basis, but that is not what investors are paying for. I believe Slack is trading around 30x revenue, so the market is expecting continued growth. At the same time, I believe it also has an eight year burn rate at current operating losses and cash on hand so it has a lot of time before it needs to cut expenses. I don't really like how this article fixating on quarterly operating earnings as a proxy for how the Vision Fund is performing while ignoring the investment cost basis.