[JeffL]

I think maybe you don't follow the companies closely enough. The poster you are replying to mentioned AMZN and TSLA.

Amzn's core businesses are very profitable, but they are constantly reinvesting those profits into new areas where they are growing. It's like a conglomeration of start ups, each aiming at future profit. It's like you've invested in one profitable company, and instead of dividends, you are getting shares of new start ups.

TSLA has now been profitable for 9 quarters, recently massively profitable with billions in free cash flow. Analysts are projecting even more to come, with profit margins approaching that of Apple and a total addressable market 10x the size. (I feel like TSLA is one of the few exceptions to the problems the author identifies in the article.). The TSLA bulls that I follow are all talking about future profits and how to discount those to net present value.

[newswasboring]

I agree those are profitable. Because they are actually selling something. That's a normal company. Talking more about companies which are mostly relying on increasing user count. I get that they may eventually turn a profit. But nobody talk about the profit.

[JeffL]

I mean, the companies that are talking about increasing user counts... the users generally are the product, or ads for those users are the product.