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by __sy__
575 days ago
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eh... I'm pretty sure I mentioned net income (which i think is pretty close to profit in some circles) but if we care about debt servicing, buybacks...etc, let's just look at cash flow. And there too, in Q3, they posted $1B+ for quarter. I'm not sure I understand the point of your analogy with respect to wining/losing at a casino. If I follow it, you are effectively saying something akin to, when Google first became profitable, its achievements should have been completely dismissed because of a decade of prior losses. That's not how tech companies work. Most of the value creation is 5-10-20 years out. You bear enormous losses with the knowledge that returns compound and eventually render irrelevant prior years' losses. |
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