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All of the same criticisms could be applied to YouTube, Facebook, Instagram, etc while they were at that stage. Some turn out to make pallet-fulls of money, som
by mikeyouse 10y ago
All of the same criticisms could be applied to YouTube, Facebook, Instagram, etc while they were at that stage. Some turn out to make pallet-fulls of money, some (Twitter) never quite crest.
The quote at the end is just boiler plate language they need to include in their S1 so they aren't sued by shareholders in 10 years.
- moxious 10y agoPretty sure those other companies declared an intention to make a profit. Saying the opposite is indeed news. And sure, the company might turn the corner. But seriously why would investors pay $3 billion with a pitch like this? I guess they're just playing other investors in the end. There seems neither money making capacity here nor the promise of it by their own admission. Are you saying we should ignore their clear words on this topic and decide the management is wrong and they'll probably end up profitable?
- ilyanep 10y agoIt's a risk factors statement, not an intent statement. They also aren't seeking to have anything else in that list become true.