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Let’s do some arithmetic. A company takes in $4 million in total revenue. To accomplish this, it spends $62 million.

Net loss: $58 million.

How much would you pay to buy this company? mastodon.social/@GottaLaff/112

RalfMaximus

@JamesGleick

It depends on your goals. If "profit" is that goal, then it makes zero sense.

If, however, you're after political influence and/or laundering a bunch of foreign cash, well then.. let's fire up the money incinerator!