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And this kids is how you make a economic bubble. $36M in the hole? Forget about that, they will be making (potentially) infinite millions in undisclosed amount
by JetSpiegel 13y ago
And this kids is how you make a economic bubble.
$36M in the hole? Forget about that, they will be making (potentially) infinite millions in undisclosed amount of time, just you wait!
And I say this as a fan of their work. I though Musk was a millionaire, why isn't he bankrolling this with his own money?
- mbesto 13y ago> $36M in the hole? Can we get over this whole financial armchair meme of what a business "loss" is? Most businesses need debt to grow. Q2-2012 - Facebook's EBITDA was -616M (that's minus) && Net Income was -157M Q4-2013 - Facebook's EBITDA was 1.4B (that's B for billions) && Net Income was 523M Sources - http://www.wikinvest.com/stock/Facebook_(FB)/Data/EBITDA http://www.wikinvest.com/stock/Facebook_(FB)/Data/EBITDA http://investor.fb.com/releasedetail.cfm?ReleaseID=695976 http://investor.fb.com/releasedetail.cfm?ReleaseID=695976 http://investor.fb.com/releasedetail.cfm?ReleaseID=821954 http://investor.fb.com/releasedetail.cfm?ReleaseID=821954
- duaneb 13y agoWell it's still unclear Facebook is a good business, they're hardly a good example. I, for one, think it's hilarious how much money goes into the social black hole with minimal appreciable return. But hey, that black hole also pays my bills!
- azundo 13y agoHe did: http://dealbook.nytimes.com/2010/06/22/sorkin-elon-musk-of-paypal-and-tesla-fame-is-broke/ http://dealbook.nytimes.com/2010/06/22/sorkin-elon-musk-of-p...
- kenrikm 13y agoHe did, he put every penny he had into Tesla and SpaceX to the point where he was borrowing money from friends just to pay his living expenses.