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They operate for many years on 30% net loss. How company can last for so long without going bankrupt?..
by riku_iki 2y ago
They operate for many years on 30% net loss. How company can last for so long without going bankrupt?..
- rs999gti 2y ago> How company can last for so long without going bankrupt VC money and other investors.
- nine_k 2y agoAsk Uber. E.g. https://www.statista.com/chart/amp/31223/net-income-loss-of-uber-technologies/ https://www.statista.com/chart/amp/31223/net-income-loss-of-... Somehow people may finance an utterly losing operation for a decade or more. I wish Backbkaze stays around though, even if they charge more. They'd still be charging less than AWS, and they seem to have a good culture / attitude.
- riku_iki 2y agoI am reading Uber report: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001543151/bbb206f1-a6ba-4521-82cf-ae2d4011057f.html# https://d18rn0p25nwr6d.cloudfront.net/CIK-0001543151/bbb206f... and my understanding is that they are profitable in timeframe since IPO(, 2020+, meaning revenue is about or larger than R&D, Sales and infra), but they have some large "other expenses" entry, I speculate it could be some acquisition.