This quarterly report from SE has me scratching my head—revenue surged 48%, yet the EPS miss happened too 💀
Looks like the classic playbook of burning cash to chase scale. The code runs, but the performance hasn’t been tuned—no issues with the logic, it’s just that the investment phase is too long. Whether the market has the patience for that is another matter.
Then again, back when Amazon was on this same path, it also burned through losses for years. Programmers read financial reports the way they debug—following the stack trace to find the root cause, not just reacting to the surface-level error messages.
Looks like the classic playbook of burning cash to chase scale. The code runs, but the performance hasn’t been tuned—no issues with the logic, it’s just that the investment phase is too long. Whether the market has the patience for that is another matter.
Then again, back when Amazon was on this same path, it also burned through losses for years. Programmers read financial reports the way they debug—following the stack trace to find the root cause, not just reacting to the surface-level error messages.