‘Unlike some of the 3P [third-party] apps, we are not profitable,’ Steve Huffman says in defending the move to charge for high-volume API access.
‘Unlike some of the 3P [third-party] apps, we are not profitable,’ Steve Huffman says in defending the move to charge for high-volume API access.
It’s pretty common for big companies to not show a net profit. Remember Amazon wasn’t profitable until relatively recently, because they would reinvest all their cash into growing the business. They could have shown a profit any time they wanted; just stop investing in infrastructure, etc. It’s often a choice to run at break-even or even a loss while capital expenditures are high. I have no idea if that’s what’s happening behind the curtain over there, but it’s one possibility.
Nah Steve isn’t smart enough for that.