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They lost $276 million last quarter and still had >$2 billion in the bank. Will be interesting to see if after this additional raise, they have enough to survi
by greendave 7y ago
They lost $276 million last quarter and still had >$2 billion in the bank. Will be interesting to see if after this additional raise, they have enough to survive the epidemic.
- robbyt 7y agoI know from personal finance that having a buffer in the bank is good... But this seems to be a rather large buffer. Can someone please explain what's going on with these numbers?
- TheCoelacanth 7y agoMaybe they're getting ready to acquire some less well-funded competitors who are in financial trouble at bargain rates.