I assume the subtext is: because reliable, growing profits are hard to fake, and there's a broad suspicion that a lot of big tech companies are essentially "fake it 'til you make it" counterfeit businesses.
I think it's a critique that makes sense for some kinds of tech companies and not for others.
Re:CrowdStrike S-1
by rossdavidh on Wednesday May 15, 2019 @09:50AM
(#19919340)
"If you’re not profitable yet then that means there’s lots of room for growth..."
Well, it _could_ mean that, or it could simply mean your business will never be profitable. In fact, of all the companies which are not profitable, easily the majority are ones that never will be (although, sure, some will).
If you’re not profitable yet then that means there’s lots of room for growth. If companies are going public when there’s still all that room for growth then it means the public gets to share more in the growth.