How are unprofitable companies allowed to continue for almost a decade?
How are unprofitable companies allowed to continue for almost a decade?
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You mean companies like Amazon? Who the fuck would want to buy books online? It should have went bankrupt in the dotcom bubble.
too much cheap credit sloshing around
>Who the fuck would want to buy books online
Bezos was 20 steps ahead of you 20 years ago, that's why
lyft !== amazon though kek. but hey if lyft can ipo at 20+ billion i see no reason why chainlink can't have a 1 trillion mc.
is this really it? what happens when the cost of credit goes up?
They are only unprofitable on paper so they don't have to pay taxes.
it never will, holding fiat is worthless
but it will be another 5 years before tech illiterate baby boomers who are in charge of these loans and VC "investments" get replaced
they still think phone apps are amazing new technology
Lyft and uber will be the only companies allowed in inner super cities. Derp derp look at London taxing private owned cars in the inner city which I think San Fran passed a law for that too. Timeframe? I dunno 20-30 years and no downtown travel in most cities planned to be super cities.
non-profitable Unicorns are basically federally funded R&D with venture capitalists as the middle men & money launderers.
it's profitable for their early investors
why is this true, fuck. anyone know of obscure grants or incentives I could apply for?
You gotta know somebody
>t. tried to play the game and failed
we are kindred spirits user. next time we are certain to succeed.
then you actually need to work to make a real return on your investment instead of having to clear some artificially low hurdle rate that's fostered a culture of stagnation and just buying back stock instead of innovating
Story?
It’s profitable you faggot
Most companies show losses to avoid paying taxes you faggot
>you drive and give them 30% of your fair
>they run servers
>lose money
They only lose money because they are taking out loans and investing it to grow their company.
They do this because 1. they can expand and grow their company faster and 2. they can report losses and get free guberment gibs.
this, shareholders buy for long term capital gains these days - maximize sales growth and turn profitability once you have a strong foothold on the market
dividends are a boomer meme
Not much to tell.
Created a legit medical device. Fatal flaw was it "only" had an addressable market of maybe $20M-$50M. Got out-hustled by chads slinging snake oil w/ impossible $10B potential markets. Any VC or angel that was actually interested wanted to fuck me in the ass, figuratively.
Ended up trying to bootstrap out of my own pocket until I burnt out. Working for the man now.
Thanks user. Living semi-monk mode while saving up chi for the next attempt at the summit.
good point
Bet it was a crappy product
I don't get dividends. It's one of those carrots that make you feel like you're getting your value back, but I'd rather the business use that money to grow which keeps the business competitive and should translate to better returns. Also being taxed on dividends is bullshit
This. They’re dumping their bags on normalfag retail investors. Good for them. I think investors are underestimating the risk of future entrants like Waymo. It’s possible that end industry will end up being similar to the airline industry where almost no one is making any good money because the competition is so tough.
Bet you never even got the chance to pitch anything to VCs faggot. You have no way of knowing how good his product was. As he said, it might not have been an attractive investment for VCs because market was too small.
I bet you are a faggot