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Re:Snap Inc. S-1 by adtac on Thursday February 02, 2017 @05:47PM (#13555685)
Are there legal implications if you use language like "we _hope_ to get to a profitable stage within one year"?
Re:Snap Inc. S-1 by sib on Thursday February 02, 2017 @10:48PM (#13557515)
It's more that there are no upsides (saying "hope to" doesn't sound very certain, so no one is going to increase the price they'll pay for your IPO shares) and there are downsides if you don't become profitable within a year, once you've said you hope / intend to. So, the bottom-line incentives are not to say it.