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A comment on IBM Completes Acquisition of HashiCorp. Parent comment

Re:IBM Completes Acquisition of HashiCorp by throwaway2037 on Thursday February 27, 2025 @09:25PM (#43201018)
Was HashiCorp ever profitable since its IPO? From here, it says no: https://stockanalysis.com/stocks/hcp/financials/

If never profitable (or terrible return on equity), why would you call the layoffs "arbitrary"? It seems pretty reasonable to me.

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Re:IBM Completes Acquisition of HashiCorp by bobloblaw22 on Friday February 28, 2025 @01:12AM (#43202276)
Why hire people in the first place if you aren't profitable? Seems pretty irresponsible to me. Or have the rules changed?
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Re:IBM Completes Acquisition of HashiCorp by jmclnx on Friday February 28, 2025 @08:46AM (#43205500)
Yes the rules have changed, seems the idea is to get big fast increasing revenue without regard to profits, and eventually have a great IPO, then one of the following:

1. hope you can sucker someone into buying the company

2. keep the VC $ flowing and continue growing, then loop to # 1

3. worse case, need to start making a profit and hope you can survive until # 1. If #1 does not happen, pray(?).

During this time, the founders are pulling in a great salary.

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Re:IBM Completes Acquisition of HashiCorp by throwaway2037 on Friday February 28, 2025 @11:40PM (#43215975)
Following your logic from the other side: Why apply for (and later accept) a job at a company that is consistently unprofitable?
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