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I’m not talking about their supposed $16b value. I’m wondering where the money they’re actually spending is going. They’ve lost nearly $150 million in a year.
by fiblye 7y ago
I’m not talking about their supposed $16b value. I’m wondering where the money they’re actually spending is going.
They’ve lost nearly $150 million in a year. How? What does that money even go to? Even paying their devs incredibly generous wages and benefits, server costs, advertising, deals with businesses, etc, I can’t imagine the losses being that big. It’s insane amounts of money to burn through.
- amykyta 7y agoThat doesn’t seem like that big of a number for a large corporation that Slack is now. Tesla had a net loss of 700mm[1] last quarter. Their business is more capital intensive for sure but still. Just looking at a 150mm net loss and saying it’s a big number doesn’t tell you much. [1] https://ir.tesla.com/node/19771/html#CONSOLIDATED_STATEMENTS_COMPREHENSIVE_LO https://ir.tesla.com/node/19771/html#CONSOLIDATED_STATEMENTS...
- fiblye 7y agoTesla also manufactures goods. The material and labor costs are pretty clear.