• UnderpantsWeevil@lemmy.world
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    10 days ago

    Quarterly revenue growth rate was half of Q2’s.

    They went from $4.7B in Q1 to $11.6B in Q2 to $16.8B in Q3

    I’m hard pressed to call that bad news, no matter how you want to slice it.

    Not good if it keeps halving

    If they only see $3B in Q4? Yeah, I’m sure they’ll be crying about it. From $4B to $19B in a year. What’s a disastrous business model.

    • humanspiral@lemmy.ca
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      10 days ago

      Key figures have yet to be leaked on S-1, which should be released fully soon. Structural losses and cash burn may be much higher than hopes for growth.