this post was submitted on 10 Nov 2023
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Looks like from the article they still are losing 125 million dollars net a year. 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"