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A comment on Unicorn layoffs keep piling up. Parent comment

Re:Unicorn layoffs keep piling up by nostrademons on Wednesday April 15, 2020 @08:01PM (#22884633)
Yeah, but look at their cash positions. I posted an analysis [1] based on their published financials in another thread; basically their revenue could go to zero and they'd be fine for a year and a half. With a more realistic 75% drop in revenues they'd be fine for about 5 years; with a 50% drop in revenues they'd still be profitable.

[1] https://news.ycombinator.com/item?id=22884042

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Re:Unicorn layoffs keep piling up by amylene on Wednesday April 15, 2020 @09:53PM (#22885298)
Isn’t this a result of good governance, ie no stock buybacks?
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Re:Unicorn layoffs keep piling up by nostrademons on Wednesday April 15, 2020 @10:56PM (#22885585)
That's one factor. Also great margins, a disciplined acquisition strategy, monopoly position, an inherently labor-efficient business model, and a shrewd prop-trading desk.
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Re:Unicorn layoffs keep piling up by tr33house on Wednesday April 22, 2020 @07:01AM (#22944271)
FYI they've been heavily buying back stock
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