> At the same time, Amazon was not cash flow positive when it IPOed and it figured out its profitibility just fine. Well, one of the reasons we throw around th

> At the same time, Amazon was not cash flow positive when it IPOed and it figured out its profitibility just fine. Well, one of the reasons we throw around the "fake it until you make it" term is that some companies don't "make it", and if they're big enough it's a big deal (e.g. Theranos). That an extremely changed market causes a lot of these companies to start having problems sooner isn't really a surprise.