1 year 9 months ago
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Call me old fashioned, but I generally believe that a successful business should make money.
That's why it sometimes surprises me to read about incredible buzz and valuations around companies like Roblox and Unity, both of which posted their earnings this week and neither of which actually make money.
STAT | $17.5 billion - The value of AppLovin's proposed non-binding deal to merge with engine-maker Unity in an all-stock deal that would give AppLovin shareholders 51% voting control over the combined company. It would also require Unity to back out of its own planned acquisition of IronSource.