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> Asana lost an incredible $285m in 2021, $210m in 2020, and $118m in 2019. They're on track to losing even more with over $370m in losses booked for the traili
by jacooper 4y ago
> Asana lost an incredible $285m in 2021, $210m in 2020, and $118m in 2019. They're on track to losing even more with over $370m in losses booked for the trailing twelve months. That's closing in on a billion dollars in losses over the last four years
Kind of basic question I've had for a long time is, where do these companies get money from?
They are losing money, do they just take loans till infinity? This can't be true right? Twitter has been unprofitable for years, that doesn't mean it was just running on loans? Right?
- wmf 4y agoThey sell equity either to VCs or in the IPO and they also have loans. e.g. Asana carries around $30M of loans and they still have over $200M of cash which I guess is left over from the IPO. https://finance.yahoo.com/quote/ASAN/balance-sheet?p=ASAN https://finance.yahoo.com/quote/ASAN/balance-sheet?p=ASAN Twitter had $5B in loans (and $6B in cash) when Elon bought it.