from Hacker News

DHH – The Bubble Has Popped

by afhammad on 11/13/22, 9:21 PM with 5 comments

• by jacooper on 11/13/22, 11:04 PM

  > Asana lost an incredible $285m in 2021, $210m in 2020, and $118m in 2019. They're on track to losing even more with over $370m in losses booked for the trailing twelve months. That's closing in on a billion dollars in losses over the last four years

  Kind of basic question I've had for a long time is, where do these companies get money from?

  They are losing money, do they just take loans till infinity? This can't be true right? Twitter has been unprofitable for years, that doesn't mean it was just running on loans? Right?

• by squeegee_scream on 11/13/22, 10:29 PM

  Is there a job board for companies that are trying to be simply profitable like basecamp? If not, what should I look for in company job descriptions or… I don’t know, I’m completely clueless here and don’t even know the right question to ask it seems.