3 ms·
They're not close to profitable. Recent quarterly losses: Q1: $601 million net loss Q2: $891 million net loss Q3: $1.07 billion net loss I'm not
by freyir 8y ago
They're not close to profitable. Recent quarterly losses:
Q1: $601 million net loss
Q2: $891 million net loss
Q3: $1.07 billion net loss
I'm not an accountant, but I'm not sure how this can go well for them.
- quickthrower2 8y agoI can't get my head around that. They lose a fortune every few minutes.
- propogandist 8y agoSnapchat is a failing business, but that didn't stop investors
- colinbartlett 8y ago$8,100 per minute apparently: https://www.google.com/search?q=1.07+billion+dollars+per+3+months+in+dollars+per+minute https://www.google.com/search?q=1.07+billion+dollars+per+3+m...
- masonic 8y agoQ1: $601 million net loss, Q2: $891 million net loss, Q3: $1.07 billion net loss ... "but they'll make it up in volume."