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> They could have IPO'd for less money ;) Then they wouldn't have needed to squeeze so hard. In retrospect maybe, but 2020s was the time of scaling a company a
by lnkdinsuxs 2y ago
> They could have IPO'd for less money ;) Then they wouldn't have needed to squeeze so hard.
In retrospect maybe, but 2020s was the time of scaling a company and you needed capital to do so.
Could it be that they fell victim to bad market timing and if the markets would have continued to be like 2019-2020, their shares would be at $160 and not $32?
- xyzzy123 2y agoMaybe. But if you value yourself as a $15 billion company, based on your sector you will have a typical revenue multiplier. So if you know you have x paid customers and projected growth y, that pretty much tells you how much money you need to be making from each customer. [I am working backwards here, of course the story is told to the market the other way around]. It's fine to be unprofitable but you need to deliver at least revenue growth and that's got to be extracted from users of the product.