Looks like from the article they still are losing millions of dollars net per quarter. They’re moving towards profitability though, so I’d think these layoffs wouldn’t be necessary? I guess that depends how urgently their investors are requiring their money back.
do investors base their requirements for money on logical criteria or is just ‘more this year than last year’? It seems to me that publicly traded companies led by investors act like children failing the marshmellow test
Looks like from the article they still are losing millions of dollars net per quarter. They’re moving towards profitability though, so I’d think these layoffs wouldn’t be necessary? I guess that depends how urgently their investors are requiring their money back.
do investors base their requirements for money on logical criteria or is just ‘more this year than last year’? It seems to me that publicly traded companies led by investors act like children failing the marshmellow test
“I don’t know anything about this but I can conclude they are all dumb”