That’s what they want you to think. This chart is especially egregious with calling it “cost of revenue” as if the other costs weren’t just as necessary for their revenue. If they stop R&D in 2027, they won’t have any revenue by 2028 because their models will be outdated and nobody will want to use them. R&D is simply cost of doing business.
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Cake day: June 13th, 2023
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“To the moon” you say? Take my money!