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A comment on Now live for all: Substack Notes. Parent comment

Re:Now live for all: Substack Notes by chrisbolt on Wednesday April 12, 2023 @03:30AM (#35536155)
From your source, their 2021 net profit was -$6.5M and their 2020 net profit was $1M. They seem to be mixing the $24.6M in negative cash flow for 2021 with the $1M in net profit in 2020? Doesn’t make any sense.
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Re:Now live for all: Substack Notes by Gareth321 on Wednesday April 12, 2023 @05:02AM (#35536803)
Valuations in tech haven't been based on profit for 25 years now. It's all revenue and user growth.
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