23 ms·
The high growth without generating a profit has worked fine for them for the last decade. But it seems that their stock price is in risky territory. They were v
by ab_testing 4y ago
The high growth without generating a profit has worked fine for them for the last decade. But it seems that their stock price is in risky territory. They were valued at 113B at their peak and are now close to 48B. But their annual revenue is just around 2B. So that is still 24x revenue with no profits. It looks like they would fall a lot more if that revenue growth slows down due to a recession or companies just cutting back a litte bit.