Re:Spotify Form F-1
by toomuchtodo on Wednesday February 28, 2018 @03:31PM
(#16486552)
Can you name a profitable tech company or unicorn going public who is profitable?
[ Parent
| on HN ]
Google and Facebook were both profitable when they went public.
Re:Spotify Form F-1
by toomuchtodo on Wednesday February 28, 2018 @04:37PM
(#16487269)
“Going public”, not gone public. Dropbox, Spotify, Blue Apron, Cloudera, Twilio, Uber (expected) are not profitable.
What's your point? Blue Apron, Cloudera and Twilio have gone public already... Financials are secret until filing for an IPO and at any given point there are not many companies (tech or otherwise) who have filed, but not yet listed. We don't know who's profitable or who will go public, so the best we can go off of is past history.
Re:Spotify Form F-1
by toomuchtodo on Wednesday February 28, 2018 @06:17PM
(#16488186)
Going public is not success if you’re hemorrhaging money. You’re just a pyramid scheme with better marketing, not a profitable business worthy of public investment. That’s my point.