Re:Google fires 31 massage therapists as part of layoffs
by TheCoelacanth on Sunday January 29, 2023 @12:28PM
(#34570364)
If a company is "burning cash" at the same time that they are "printing cash", I think you're definitely using the first phrase in a non-conventional way.
Re:Google fires 31 massage therapists as part of layoffs
by hn_throwaway_99 on Sunday January 29, 2023 @12:43PM
(#34570525)
Context matters. The original statement was:
> Google is so badly managed (e.g. Stadia failure recently) that I am surprised that investors tolerated their insane cash burning for so long.
That is, I (and I think most others) interpreted that as Google was essentially lighting a big pile of their cash on fire due to poor management, not that they were unprofitable. That would be very different, for example, than a statement like "Most of these new car companies are burning cash at an unsustainable rate."
Indeed, the general argument is that Google's ads machine is so profitable that they can run the business horribly inefficiently because they don't know where to put all that cash.