alt Hacker NewsThey're not dying, but they're not healthy either. They've been around for 24 years and still haven't figured out how to turn a profit.
They're not dying, but they're not healthy either. They've been around for 24 years and still haven't figured out how to turn a profit.
I don't want to just copy and paste my previous comment, but this isn't how companies at this size think about declaring profits. See https://news.ycombinator.com/item?id=47347993
Hence the comment you replied to saying "they print cash". You'll find a lot of big companies work this way: high free cashflow, because they earn a lot more than they spend, but then the spare cash is either reinvested or paid out via share buybacks. Declaring a profit isn't advantageous compared to the other options available.