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by oliwarner
1009 days ago
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They're a storefront that charges ~30% and they're pretty dominant in their market. They make enough money —they're practically printing it— to never need investment, and they don't seem to piss it away like your FAANGs. Which is all to say, even down the line, why would they risk it all for more money? Might seem naive but private ownership allows them to maintain this course. |
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Main problem of being too successful is that you can't let money sit in the bank, especially if you are a public company.