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by econner
2661 days ago
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Nothing like increasing net losses leading up to IPO! 2016 - ($682,794) 2017 - ($688,301) 2018 - ($911,335) As a percentage of revenue though the loss is decreasing, 2016 - 2x 2017 - 0.6x 2018 - 0.45x 2018 revenue was $2.1bn. Since they are a tech company and not a real company they can IPO at 10x revenue so that's ~20bn. Who cares what their margins are. |
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