Shopee's three consecutive quarters of positive EBITDA prove two things.
One, the management team can execute quickly on new priorities and initiatives.
Two, Shopee's e-commerce marketplace business is viable.
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unfilteredtruths : Actually the positive EBITDA doesn't prove these two things. These two aspects of Shopee have already been proven true long ago. The only issue is their ridiculously high operating costs due to their focus of expansion. Think about why their revenue is in billions but barely making significant profits.