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It’s also hard to turn a profit. People think running a company is easy. It’s not. Employees, health care, etc all add up. Hell when we sell software, it takes a few years to break even on it and our margins are 95%+. Out ceo doesn’t care about paying taxes. Most don’t. They’d rather be profitable but that’s a tough goal to achieve on a consistent basis.
Put it in perspective. Twitter, Facebook, both had higher expenses and less revenue at the same mark.
Truth has 600k active users a month which isn’t bad for a two year old company
I just see it as a fad that won’t last.