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Comment by hansmayer

1 day ago

> Their revenue has quadrupled in just a few months

Maybe, maybe not. We haven't seen that S-1 yet. All we have is the 5B in lifetime so far. PLUS - revenue quadrupled or not, it only matters if their costs did not expand at the same rate or more. Revenue is not profit.

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hansmayer

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aspenmartin  1 day ago

OK, so when S-1 comes out you will finally allow yourself to be wrong? Your prior is, a 1T company plans to IPO and their leader has been loudly committing an insane amount of fraud? I mean this of course is possible but that is quite the conspiracy. The scrutiny of an IPO would be a crazy thing to do if you were committing fraud at the scale you're suggesting.

Revenue is not profit yet the discussion in this particular thread is about revenue.

  • hansmayer  1 day ago

    > 1T company plans to IPO and their leader has been loudly committing an insane amount of fraud?

    Ever heard of Enron, Theranos, SBX ? They were all hiding in plain sight - who could've thought they were frauds?