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Am I wrong, or any idiot can spend 1 billion dollars to make 700M? It's very scary to me that they scaled and failed to prove they can profit, before going IPO
by alain94040 15y ago
Am I wrong, or any idiot can spend 1 billion dollars to make 700M?
It's very scary to me that they scaled and failed to prove they can profit, before going IPO. I have no issue with that tactic as a private company, but you shouldn't go public until you can prove profitability. Otherwise, the bubble word is truly deserved.
- happyfeet 15y agoAbosolutely right on. If they can't show profit at this scale and leverage as a private enterprise, it is a big question mark as to when & how would they turn up a profit and at what margin. It looks like investors cashing out rather than sticking on to provide the business model and profitability.