I'm starting to think these SPACs are all complete scams. Chamath should be in f-ing prison.
- Full year revenue up 211% vs 2020 and 69% over 2019
- Gross profit up 232% vs 2020 and gross margin up
- Ended the year with $2.2b in cash
- Guiding for Q1 2022 revenue growth of 462% YoY
- Here's the issue: “Net loss of ($662) million, versus ($253) million in 2020, primarily driven by non-cash stock based compensation of $536 million versus $38 million in 2020.”
- Stock off 28% to all time low
Time to dig into the call transcript.
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