Re:HashiCorp just let go 8%
by antihipocrat on Thursday June 08, 2023 @06:03AM
(#36239450)
I can think of two reasons.
The company is approaching negative cashflow and needs cuts to remain solvent, or reportable results are tracking below market expectations and announcing cuts will appease shareholder concerns.
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But most of the companies we discuss here are nowhere near having bad finances.
Only when measured by the bizzaro world of tech valuation. They've never made money and if you took their current revenue and converted it 100% to profit they'd still not quite justify their market cap.