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by lelanthran
72 days ago
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> Claude Code is at $30B annual recurring revenue, and it launched in Feb 2025, and OpenAI at $25B (although they measure partner revenue differently). By comparison the iPhone make $630M revenue in the 12 months after it was launched. What does revenue have to do with it? Companies usually want to IPO with a decent profit margin showing on the books, revenue doesn't usually come into it. |
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Untrue.
Read what the OP said about Amazon.
And Figma - the most recent high-profile IPO I could think of - isn't profitable.