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by minimax 4523 days ago
They actually mentioned the stock-based compensation and it's impact on GAAP profitability in their S-1.

Following the completion of this offering, the stock-based compensation expense related to Pre-2013 RSUs and other outstanding equity awards will have a significant negative impact on our ability to achieve profitability on a GAAP basis in 2013 and 2014.

http://www.sec.gov/Archives/edgar/data/1418091/0001193125134...