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> "The company raised an additional $375 million in an initial public offering in November 1999 that valued the company at more than $4.8 billion.[14] Up to tha
by quasse 9y ago
> "The company raised an additional $375 million in an initial public offering in November 1999 that valued the company at more than $4.8 billion.[14] Up to that time, the company had reported cumulative revenue of $395,000 and cumulative net losses of more than $50 million.[15]"
That's astonishing.
- walrus01 9y agooh, that's nothing https://en.wikipedia.org/wiki/Beenz.com https://en.wikipedia.org/wiki/Beenz.com https://en.wikipedia.org/wiki/Flooz.com https://en.wikipedia.org/wiki/Flooz.com https://en.wikipedia.org/wiki/Global_Crossing https://en.wikipedia.org/wiki/Global_Crossing to be fair to global crossing, they did build a really awesome international network, the revenues just didn't support the billions spent on it.