3 ms·
Ok so there is a backstory behind each piece of bad news. Still, tons of bad news is still a ton of bad news. Most successful businesses should have a string of
by leannekim 7y ago
Ok so there is a backstory behind each piece of bad news. Still, tons of bad news is still a ton of bad news. Most successful businesses should have a string of good news. Especially after being in business for a decade.
- badfrog 7y ago> Still, tons of bad news is still a ton of bad news. I think the point is that it's not bad news. Losing money can be good for a company if it's being done in a way that leads to long-term growth. Amazon didn't have a profitable quarter for ~7 years after its IPO: https://www.theatlas.com/charts/BJjuqbWLz https://www.theatlas.com/charts/BJjuqbWLz
- leannekim 7y ago> Losing money can be good for a company if it's being done in a way that leads to long-term growth. I guess. But being profitable while growing is better.
- Barrin92 7y agoAmazon also actually owned assets and supply chains instead of owning nothing apart from an app on a phone that countless of competitors have already copied.