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Google and Facebook were both profitable when they went public.
by jonknee 9y ago
Google and Facebook were both profitable when they went public.
- toomuchtodo 9y ago“Going public”, not gone public. Dropbox, Spotify, Blue Apron, Cloudera, Twilio, Uber (expected) are not profitable.
- jonknee 9y agoWhat's your point? Blue Apron, Cloudera and Twilio have gone public already... Financials are secret until filing for an IPO and at any given point there are not many companies (tech or otherwise) who have filed, but not yet listed. We don't know who's profitable or who will go public, so the best we can go off of is past history.
- toomuchtodo 9y agoGoing public is not success if you’re hemorrhaging money. You’re just a pyramid scheme with better marketing, not a profitable business worthy of public investment. That’s my point.