If GAAP is the only measure, then Amazon and Salesforce have been utter failures... | Hacker News

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ronhav3 on June 30, 2022 | parent | context | favorite | on: Atlassian is 20 years old and unprofitable

If GAAP is the only measure, then Amazon and Salesforce have been utter failures for 20+ years, only returning 120,000% and 4000% returns to shareholders.

In fact, if an investor went by GAAP, he would have missed the entire massive SaaS boom of the past decade.

altdataseller on June 30, 2022 [–]

Did i say these companies were failures? I simply said they were not profitable.

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