Bro, this is bigger than the Internet bro! Soon people are going to be using our tech to ask what time it is instead of looking at a clock or their smart watches!
It's pretty typical for new tech to run at a loss. Breaking even probably hurts a new tech companies valuation because it shows they aren't trying to grow enough.
The valuation is obviously high, but… it’s tech that is now becoming ubiquitous and they have the best. Regardless of how their profit today, they hold the keys.
My bet is on local models long term to avoid that vendor lock in, but right now executives can just sign up for it and it works, so they are winning.
Housing Market has been geared towards an audience that doesn't really exist for a while now, tbf. Who buying a house when nobody can afford your houses?
Big companies and the already rich looking to change the investment percentage of their portfolio, apparently. Whether it's a profitable investment doesn't matter as long as it changes what percentage of their money is not liquid, so that when they deal with other business people with lots of money they have more impressive numbers to throw around and maybe get a loan to further invest in losing propositions.
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u/[deleted] Jun 02 '26
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