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It's really hard to tell from the overall numbers whether they're in bad shape. If a significant amount of the expense is in acquiring new customers then it mak
by sethev 9y ago
It's really hard to tell from the overall numbers whether they're in bad shape. If a significant amount of the expense is in acquiring new customers then it makes perfect sense for investors to keep pouring money in.
- braythwayt 9y ago> If a significant amount of the expense is in acquiring new customers If _and only if_ there is significant lifetime value for customers. If there is little or no lock-in, losing money to acquire a first-time customers may look good to outsiders, but isn't sustainable.
- XR0CSWV3h3kZWg 9y agoOr they could be pulling a groupon.