How very unfortunate that they must now focus on "building profitable businesses". You know, there was a time when that was the very point of running a business.
Agreed, though it wasn't very long ago that growth was valued much higher than profitability. Maybe our opinion is (slowly) evolving? Perhaps growth-by-all-means is a perfectly valid play in an extremely network-effected market, while other markets might be better served by focusing on profitability?
Maybe they're realizing that growth doesn't always translate into profitability. See twitter for example
You can see this trend by the significant uptick in acquisitions and layoffs lately... If founders can't raise they have to look for an exit or downsize.
Feels like the market is still pretty spooked from oil and China in Q1 and then Brexit in Q2. Will be interesting to see what happens next!