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this post was submitted on 24 Feb 2024
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Hoe does this work. If a company has not made a profit in 20 years. How is it not bankrupt?
You keep telling the next investor it'll be profitable soon. I believe the guy that came up with this scheme first went to prison or something, but afterwards we all collectively decided we were cool with it.
That's why they need to go public in the first place. Investors are like it's right now or you're shutting down, no more free money for you.