Reddit reminds me of the fast-growing, but highly unprofitable IPOs in 2021.
  • blargerer@kbin.social
    281·
    8 months ago

    So, they are likely very poorly managed but, R&D is a common slushfund to keep your profit negative so you don’t have to pay taxes.

    • FiskFisk33@startrek.websiteEnglish
      15·
      8 months ago

      which makes sense if the r&d gives return on investment.

      otherwise you’d be better off paying tax and taking the profits anyway.