I’m not sure how this meme got started. I think it was something like WhatsApp may have been profitable in its first year when it was barely started but that doesn’t appear to be true either. Whatsapp was always a money pit, even if that meant losing 7 or 8 figures a year vs some startups burning 9 figures a year (there would have been less of this 8 years ago too, before the tech stock explosion).