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Revenue is not the same as profit, they could very easily be running at a loss even with that amount of revenue. We have seen this in extremes with companies l
by redguava 15y ago
Revenue is not the same as profit, they could very easily be running at a loss even with that amount of revenue. We have seen this in extremes with companies like Groupon lately.
- dkrich 15y agoBy their founder's own admission, they have three employees. Not sure what they're doing that would burn through that much cash. Either their business model is severely lacking, or their spending is out of control. Of course it is possible that they aren't making any money.