Posts by WaddlingFungus@toot.community
 (DIR) Post #AXJpbfe5yfZvPP2Ce0 by WaddlingFungus@toot.community
       2023-07-03T13:39:42Z
       
       0 likes, 0 repeats
       
       @stux A lot of big tech companies got their funding by promising investors that they will become profitable once they get a huge user base (i.e. "Growth first, profitability...eventually").Now that growth is slowing down and they can no longer borrow money at little/no interest anymore, they are scrambling to become genuinely profitable. Unfortunately for some tech companies, they never had a path to profitability.