this post was submitted on 02 Jul 2023
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Technology
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Revenue is certainly doing fine among the giants as described in the article. I'm too much of a philistine to interpret the publications those companies put out for shareholders to determine what they're spending all that money on. There's certainly got to be a degree of creative accounting.
You make an excellent point and I think I should also note that there's more to the tech space than the FAANG-type megacorps that don't need VC money.