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[ATTACH=full]185023[/ATTACH]You can see despite massive revenue growth margin has actually dropped from 29% in 2016 to 28% today, which seems to confirm my thesis that there is no scale benefit in this business.
[ATTACH=full]185023[/ATTACH]
You can see despite massive revenue growth margin has actually dropped from 29% in 2016 to 28% today, which seems to confirm my thesis that there is no scale benefit in this business.
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