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And if you read the media and don't look at the numbers, of course you'd think that. I ran the numbers a while back, for a similar discussion. They've grown fa
by beat 7y ago
And if you read the media and don't look at the numbers, of course you'd think that.
I ran the numbers a while back, for a similar discussion. They've grown faster than Amazon ever did, for a decade. It's kind of astounding. No, they're not profitable - and they shouldn't be. They're about a tenth the size of a major manufacturer like Toyota or GM now. If they want to play in that league, being profitable is fiscally irresponsible. They should be squeezing every cent they can out of investors and burning cash like they need it to keep warm, because that's fueling this astounding growth.
Insisting that they be profitable or not take loans or stock sales to raise cash is a complete misunderstanding of how high growth companies work.