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The magnitude of Amazon's losses are incomparable. Palantir losing half a billion in one year is significant. Amazon's loses were <$10 million in the mid 90's.
by JMTQp8lwXL 6y ago
The magnitude of Amazon's losses are incomparable. Palantir losing half a billion in one year is significant. Amazon's loses were <$10 million in the mid 90's. [0]
The article's title gets straight to the point. "Why Amazon’s History Of IPO-Era Losses Means Little For Today’s Unprofitable Unicorns".
[0]: https://news.crunchbase.com/news/why-amazons-history-of-ipo-era-losses-means-little-for-todays-unprofitable-unicorns/ https://news.crunchbase.com/news/why-amazons-history-of-ipo-...
- ryansmccoy 6y agoUnless I'm mistaken, according to Amazon's 10-K in 2002, they showed a Net loss of: 2002 - Net Loss: -$ 149 million 2001 - Net Loss: -$ 567 million 2000 - Net Loss: -$ 1.41 billion 1999 - Net Loss: -$ 719 million 1998 - Net Loss: -$ 124 million Source: https://www.evernote.com/l/AUlIcX9k_elHUY7Fjsg749afPPxh3verZZA/ https://www.evernote.com/l/AUlIcX9k_elHUY7Fjsg749afPPxh3verZ...
- JMTQp8lwXL 6y agoPalantir's revenue was $742 million in 2019, so it's relative. How is Palantir going to scale to 10x, 100x current revenue? Is federal spending going to balloon to accommodate that growth? Amazon took a bite out of big-box retailers. They could grow by stealing their competitor's revenue streams. Palantir doesn't have that option, unless there are other equally giant contractors they can knock out.
- ryansmccoy 6y agoI haven't seen the S-1, so I don't know.