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When Webvan when public in 1999, they were predicting by 2001 they'd be at $518.2 million revenue with a $302 million net loss, roughly where Groupon is now. S
by jdp23 15y ago
When Webvan when public in 1999, they were predicting by 2001 they'd be at $518.2 million revenue with a $302 million net loss, roughly where Groupon is now. So you're quite right: GroupOn's farther down the path of losing a lot of money.
Read more: http://news.cnet.com/THE-DAY-AHEAD-Webvan-revs-IPO-as-questions-abound/2100-12_3-265725.html#ixzz1O9G5y4Zx http://news.cnet.com/THE-DAY-AHEAD-Webvan-revs-IPO-as-questi...
http://news.cnet.com/THE-DAY-AHEAD-Webvan-revs-IPO-as-questions-abound/2100-12_3-265725.html http://news.cnet.com/THE-DAY-AHEAD-Webvan-revs-IPO-as-questi...
- brown9-2 15y agoEh, those are all hopeful predictions. Actual revenue numbers for the year in which Webvan filed for IPO (1999): "projecting revenue of $11.9 million and a $73.8 million loss"
- halo 15y agoOn the other hand, in the year 2000 Amazon made a net loss of $1.4 billion(!) on revenues of $2.7 billion.