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Have you looked at recently IPO'ed companies? Many dont turn a profit. Salesforce only started turning a profit last year I think. I'll just name a couple of r
by skinnymuch 9y ago
Have you looked at recently IPO'ed companies? Many dont turn a profit. Salesforce only started turning a profit last year I think.
I'll just name a couple of recently or semi recently IPOed companies of varying reputations that do not turn a profit. All are way above 8 figure market caps. Are you sure you didn't mean 9 figures or at least closing in on 9 figures.
- New Relic
- Atlassian
- ServiceNow
- WorkDay
- Splunk
- Box
- Godaddy
- skinnymuch 9y agoI had a list of companies in Simplenote. It seems like they all still fit. Another almost 20 tech companies without profits yet: - Okta - Wix - Shopify - Square - Yext - RingCentral - Zillow - LogMeIn - Netsuite - Trivago (though now majority owned by Expedia) - Youku (Chinese tube site) - Tableau - FireEye - Pablo Alto Networks - Proofpoint - Verint - Imperva
- sencho 9y agoAtlassian is an odd example here - they've been profitable for a decade: http://www.businessinsider.com/atlassian-files-for-ipo-2015-11 http://www.businessinsider.com/atlassian-files-for-ipo-2015-...
- skinnymuch 9y agoYes, I should have specified the more unique situation Atlassian is in. They say they were always profitable, but we have had around 6 earnings reports since their IPO. I don't think they have turned a profit once. They also don't seem like they will in the near future. Do you think it should still be included with an asterisk or not included? I think an asterisk with an explanation would've been best.