this post was submitted on 07 Jul 2026
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This part right here makes it laughably simple for these companies to circumvent this law considering so many of these companies are operating at a loss. And it would only takes some creative accounting for them to just barely make just not enough to qualify.
"operating at a loss" =/= "low revenue"
Revenue and profit/loss are not the same thing. Revenue only counts the money they bring in BEFORE any expenses or losses, and is used precisely to avoid the issue you raised. That said, it is still possible to get around it, but it's not quite as trivial as just spending more.
If my company made a billion dollars while losing 10 billion dollars, I still had a billion dollars in revenue. I just also happened to piss away 9 more billion dollars than I made.
Hell, if you did that, you could make a 100 billion IPO, with today's market.