logoalt Hacker News

jm4 • today at 1:31 PM • 1 reply • view on HN

Cost of services is up. I suspect that's where the token cost comes into play, but they didn't "invest" in tokens. They can't call that an investment anyway. The increase in cost of services relative to revenue impacts net income - we can see that in prior years - but that's not the whole story. Total assets on the balance sheet increased at the same time net income decreased. They spent money on something of value.


Replies

piker • today at 1:42 PM

Why couldn’t they capitalize token spend?