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>We have incurred net losses in all periods since we began operations and we expect we will continue to incur net losses for the foreseeable future. The admiss
by 6cd6beb 7y ago
>We have incurred net losses in all periods since we began operations and we expect we will continue to incur net losses for the foreseeable future.
The admission that "we've never made money and there's a good chance we never will" being boilerplate S-1 copy is monstrously troubling.
When no one needs to see that a company can made a dollar before investing because profit is for suckers and this company's probably going to be a unicorn, maybe that's the stock tip from the shoeshine boy.
- notfromhere 7y agoYou can't legally guarantee a return unless you actually guarantee a return
- 6cd6beb 7y agoFair enough, but there may be a small middle ground between "guaranteeing a return" and "never made a dime in profit and in fact is burning through millions or billions of dollars annually with no expectation to stop any time soon"
- notfromhere 7y agothat's why you should learn how to read financial statements before making investments in instruments like stocks.