And yet: "More recently, it lost $146.5 million in the first quarter of 2011." Something doesn't compute. Yes, I understand that there are some massive costs

And yet: "More recently, it lost $146.5 million in the first quarter of 2011." Something doesn't compute. Yes, I understand that there are some massive costs associated with customer acquisition in this space, and that there is a business model in there somewhere. But the rush to IPO before these things are sorted out is suspicious. But who are we kidding?