Only my own opinion but i think its a great business model that regardless of where the sp is now it doesnt matter as us that already in here will benifit from building our stacks at these level regardless of what others think.
What it will show though is the growth in revenue before expences ie: which with growth in market share will be higher before being used for expantion. That will show where its heading
If a company does nt use thier profets to expand early enough it wont grow and instead of growing they will pay higher tax there reducing there room to grow so its good bussiness sence rather than showing big profits too early as long as they use it to exspand and take more market share wich is their aim. Then later down the line when they feel they need to the market what their stratergy has achieved by doing this they will show higher profits that the now bigger company can sastain and pay the amount of tax while still growing.
But in reality builds a stronger more profitable model while taking more market share from others trying to enter their space and from other established companies