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Thanks for the breakdown. I guess the bigger question is why? Don't they want profit? Or are they optimizing for something else like expenses and enterprise value (size of spend)

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They're taking hundreds of millions in profit and doing share buybacks for the investors, they've got plenty of money, their business is to be a middleman and squeeze everyone external to them: businesses, customers, and laborers

If a business is not "profitable" a ton of people can still be personally earning a ton of money. I feel like finance and accounting is just a game to abuse, but what really matters is who is personally getting rich, or even just earning a high salary.

Nobody cares about abstract profit. They care about money in their personal bank account.

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