Well the good thing is you’ve done the homework to definitively demonstrate that this is remotely true. These confident claims of this all being some sort of unprofitable Ponzi scheme, not understanding the concept of a growth phase which a multitude of highly successful tech companies have already demonstrated work while simultaneously commenting on a site with YCombinator in the url are just getting amusing now.

Of course this is a profitable technology, and it doesn’t matter if any of the labs are profitable today or not. Running at a loss is a perfectly rational strategy.