(2021-09-16) Big Software Companies Losing Money

Twilio (IPO 2016), Slack.com (IPO 2019, acquired 2020), Asana (IPO 2020), and Atlassian (IPO 2015) all lose money?

• (2022-06-27) Schwab Atlassian Is 20 Years Old And Unprofitable The Market Has Its Valuation All Wrong

Or maybe they're afraid of Salesforce.com entering the market?

• not that Salesforce gives much profit to shareholders, vs enterprise sales&marketing, and stock buybacks

Is this because of adding lots of enterprise sales costs? Custom dev work?

• they spend more on "sales & marketing" (CAC) than software development, but you can't get a breakdown of either number.

Apr'2024: TikTok, too

Oct'2024: Miro: (2024-10-30) Miro Laying Off Again

Jan'2026:

• Asana has recently achieved non-GAAP profitability and positive free cash flow in recent quarters (late 2024/early 2025) after years of losses, showing strong revenue growth and improving operating margins, but still reports GAAP losses
• Atlassian still not GAAP-profitable, though positive-Free-Cash-Flow. "Choosing to re-invest."