> This isn't really true though, their core business is and was profitable if you exclude all the of acquisitions junk, stock shenanigans, and loans to pay for it they have been doing.
"We're profitable if you ignore all the things we're spending money on"
Not all the things, just their unprofitable side business attempts. It's like knowing a guy with a well paying job who always complains he is broke. But he conveniently never mentions that he's spending $4500 per month on a Lamborghini lease.
The claim here is that none of that spending is generating revenue. They could stop spending that money, their income would remain the same, and then they would be profitable.
"We're profitable if you ignore all the things we're spending money on"