You are missing some things: 1. Costs to gain subscribers goes up each quarter 2. Costs to retain subscribers goes up each quarter 3. Marketing costs to get de

You are missing some things: 1. Costs to gain subscribers goes up each quarter 2. Costs to retain subscribers goes up each quarter 3. Marketing costs to get deals for subscribers goes up each quarter Costs to retain subscribers is missing..what part of loss is that? Do not know have not finished reviewing the S1.. and other difference compared to Amazon..Amazon founders did not attempt a cash out during the loss years...