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They need 1 billion per quarter in "fremium" revenue to get breakeven, though. Thats _plenty_ of in car ads.
by nopriorarrests 8y ago
They need 1 billion per quarter in "fremium" revenue to get breakeven, though. Thats _plenty_ of in car ads.
- uniformlyrandom 8y agoNot really. They lose money by sponsoring some markets, they can just stop doing that and become less aggressive. They made a choice to lose money and grow rather than break even and slow down.
- nopriorarrests 8y agoYes, but then the "growth story" ends aburptly, and their 120B valuation they aim to get on IPO stop making sense. As the "value stock" their price is probably closer to 12B than 120B.
- goobynight 8y agoThat's if they want to continue with every cost they currently incur, which includes some expensive R&D.
- nopriorarrests 8y agoAssuming 300-400mln out of 1B is R&D and we cut it completely, they need to make ~600mln per quarter -- which is, as comparison, in the same ballpark as the quarterly revenue of Twitter.