[sparkling]

Revenue up almost 5x from Q1/2019 to Q1/2021, yet they are still bleeding money since losses also went up almost 5x. Bad sign for a platform business.

[shapefrog]

What are they even going to do with the money? More languages? Teaching to a higher level?

Seems more like cashing in on frothy market (or cashing out some VCs)

[tomcooks]

1 to 1 language lessons with certified instructors

[me_me_me]

This is exactly the unicorn approach. and that is what VC are looking for, market share above else. We will sort out finances later.

[maccard]

"we lose money on every sale, but make it up in volume" comes to mind.