Well, they're selling a non-essential commodity in a highly competitive industry with about zero lock in or customer loyalty, using the standard VC playbook of "capture the market then worry about costs". I don't see space for large margins in there, and if there are margins they're probably recent because of the IPO.
alt Hacker News
Well, they're selling a non-essential commodity in a highly competitive industry with about zero lock in or customer loyalty, using the standard VC playbook of "capture the market then worry about costs". I don't see space for large margins in there, and if there are margins they're probably recent because of the IPO.