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by dcohenp 4536 days ago
This was addressed by one of the founders here [1]. Basically, his argument was that their cost structure was not fixed, and if they could have gone on for a bit longer then they would have been able to turn it into a marginal profit. If true, then maybe they just couldn't pull it off fast enough.

[1] https://news.ycombinator.com/item?id=7043555