Is Elastic as good as other holdings here

As you point out, they’re losing more money YOY, but the sign on the % doesn’t show it correctly. -56K over -32K is a negative 74% growth, not a positive 74% growth. They LOST 74% more money in a year.

Which is a (the?) problem. If everything you do loses you money, doing more of that thing is not a viable business model.

4 Likes