In WeWork's Wake, Stock Investors Demand Profits Over Growth
- Earnings matter more than future growth this reporting season
- Twitter and Snap pummeled while Tesla, ServiceNow, others jump
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For years, investors have been putting up with profitless companies. Paying up for them, too. Why worry about a nosebleed valuation when the future looks so fabulous?
Now, that line of thought is being questioned. Patience that used to be boundless is starting to wear thin.