[…] a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.

  • FlexibleToast@lemmy.world
    1·
    8 months ago

    That’s almost every tech company. IPOs are designed to make the rich richer. They get early access which drives sales, others buy into the hype, and the early access people cash out.