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For every Theranos and WeWork, there’s Uber, Coinbase, AirBnb. I know they didn’t raise as much as OpenAI, but it wasn’t insignificant amount of money burning b
by kredd 2y ago
For every Theranos and WeWork, there’s Uber, Coinbase, AirBnb. I know they didn’t raise as much as OpenAI, but it wasn’t insignificant amount of money burning before they became profitable with large market caps. It’s very strange times we’re living in.
- _1 2y agoHave any of those become profitable?
- kredd 2y agoYup, I think all three are posting about 500M/quarter profits on average for the past year or so. Might be wrong though, I don’t really keep up with all of them.
- plorkyeran 2y agoAirBnB has been profitable for two years. Coinbase’s financials are complicated by them holding a substantial amount of cryptocurrency, but they’ve been profitable for two quarters even with significant losses there.
- paxys 2y agoYes, all of them are profitable.
- padjo 2y agoUber made a 1.1 billion profit last year.
- romanhn 2y agoAirbnb is down 10% since going public. Coinbase is down over 50%. I think some skepticism around pre-IPO valuation is warranted.