Wall Street Isn’t Buying What Silicon Valley Is Selling
https://www.wsj.com/articles/wall-street-isnt-buying-what-silicon-valley-is-selling-11558756810 [www.wsj.com]
2019-05-26 01:31
Amazon is often pointed to as a model of how companies that lose money early on can then turn a profit. But its losses were modest by today’s standards. Its combined net losses over its first nine years totaled $3 billion, or roughly $4.5 billion adjusted for inflation, before it turned profitable in its 10th. Uber, 10 years old, lost $3.7 billion in the 12 months through March.