2 ms·
This article explains why comparisons to Amazon are misguided: https://news.crunchbase.com/news/why-amazons-history-of-ipo-era-losses-means-little-for-todays-u
by freddie_mercury 7y ago
This article explains why comparisons to Amazon are misguided:
https://news.crunchbase.com/news/why-amazons-history-of-ipo-era-losses-means-little-for-todays-unprofitable-unicorns/ https://news.crunchbase.com/news/why-amazons-history-of-ipo-...
Among other things
"Amazon, the patron saint of money-losing companies, lost a combined $2.8 billion over its first 17 quarters as a public company, roughly on par with what Uber lost in 2015 alone."