Comment by jiveturkey
2 months ago
> They are losing money.
They have $4b in cash and Q1 FCF $84m, and 70% gross margin. They can become profitable anytime they want.
2 months ago
> They are losing money.
They have $4b in cash and Q1 FCF $84m, and 70% gross margin. They can become profitable anytime they want.
And apparently “anytime they want” is going to be this year.
What's the reasoning that software companies don't have to count R&D into gross margins?
> They can become profitable anytime they want.
By cutting 1100 workers!