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$3 billion to acquire a team that has not proven an ability to generate a profit? That's what boggles my mind. It's still a risk, but it's valued like a sure
by MegaButts 10y ago
$3 billion to acquire a team that has not proven an ability to generate a profit? That's what boggles my mind. It's still a risk, but it's valued like a sure thing.
- webmaven 10y ago> a team that has not proven an ability to generate a profit There is more than one flavor of unprofitability. On one end, you have Pets.com-style "selling stuff for less than it costs to stock and ship", and on the other end you have Amazon-style "every penny of profit and funding goes into expanding infrastructure ahead of projected demand and leveraging current infrastructure to enter new markets."