3 ms·
Risk factors look interesting: https://www.sec.gov/Archives/edgar/data/1467623/000119312518078140/d451946ds1a.htm#toc451946_2 https://www.sec.gov/Archives/edgar
by notimetorelax 9y ago
Risk factors look interesting: https://www.sec.gov/Archives/edgar/data/1467623/000119312518078140/d451946ds1a.htm#toc451946_2 https://www.sec.gov/Archives/edgar/data/1467623/000119312518...
> As of December 31, 2017, we served over 500 million registered users but only 11 million paying users.
> We have incurred net losses on an annual basis since our inception. We incurred net losses of $325.9 million, $210.2 million, and $111.7 million in 2015, 2016, and 2017, respectively, and we had an accumulated deficit of $1,049.7 million as of December 31, 2017.
> However, our rates of revenue growth are slowing and may continue to slow in the future.
I thought they were better off. Or is it usual for startups when they go into IPO?