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You realize that you can very easily be proven wrong, right? Amazon was "losing" more money in each year leading up to their IPO. By your logic we all should h

You realize that you can very easily be proven wrong, right? Amazon was "losing" more money in each year leading up to their IPO. By your logic we all should have been protected from investing in this obvious scam of a company, right? If you could go back in time and dump money into Amazon stock, would you? Of course you would, because profitability is obviously too simplistic a measure to gate companies from going public. Also, the SEC isn't my nanny and I'm capable of reading an S1 to make my own decision. You seem to have an incredibly narrow understanding of the economics behind these companies.

will_brown 8y ago
>By your logic we all should have been protected from investing in this obvious scam of a company, right? Based on my logic? I never said slack/uber/Lyft are scams, I even admit they may be good investments when they IPO...I even said profitability is not the full picture. I never said the SEC was your nanny, I never said you couldn’t read an S-1...though based on your assertions I have to question you reading comprehension. Maybe you could give me a comprehensive breakdown of how the market would be different if amazon did have to post profit before IPO, since you are so sure we would all be worse off...even non investors. Are investors, public markets and private markets really all better off? Is it possible amazon wouldn’t dominate and there be other companies competing in the space? Better jobs even more investment opportunites? I don’t think you could answer any of those questions with certainty.