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Sakos
978 days ago
I don't understand how their cash burn rate is so high that a billion in revenue isn't enough to stay in the black. What are they spending so much money on?
2 comments
timmytokyo
978 days ago
They've been on a hiring spree, with a ~50% annual growth rate for the past several years [1].
[1]
https://stockanalysis.com/stocks/u/employees/
link
ekianjo
978 days ago
Marketing and sales costs have increased tremendously
link
[1] https://stockanalysis.com/stocks/u/employees/