[milesrout]

Isn't it the opposite? Have any of these companies made net lifetime profit? They hemorraged money for years to build market share? Which of them are actually profitable and have they made all that money back?

It seems to me more like funnelling money from investors to software developers and consumers given how unprofitable they are.

[segfaltnh]

Not if the investors can get an IPO done because of their great "innovation", then the bag holders are 401ks, mostly.