Well and their assets are massively depreciating. This is the best kept secret in tech: digital platforms DO depreciate except of course accountants don't know this. What's a tech platform worth after 5 years with no updates or maintenance?
I'm an accountant and yes we do absolutely depreciate software and tech just like any other asset. It's not a secret or anything you just don't know what you are talking about.
Fair point since I'm not an accountant I shouldn't speculate about their practices though I'm not talking about licensees with fixed terms I'm talking about the product offering / platform itself.
Count me among them. Their content is not satisfying, hasn't been for years.
Well and their assets are massively depreciating. This is the best kept secret in tech: digital platforms DO depreciate except of course accountants don't know this. What's a tech platform worth after 5 years with no updates or maintenance?
I'm an accountant and yes we do absolutely depreciate software and tech just like any other asset. It's not a secret or anything you just don't know what you are talking about.
Fair point since I'm not an accountant I shouldn't speculate about their practices though I'm not talking about licensees with fixed terms I'm talking about the product offering / platform itself.