Re:Lyft Files S-1
by ihuman on Friday March 01, 2019 @02:03PM
(#19284158)
I don't understand. How could they make more revenue than what they lost for the year, but have a negative profit? The loss doesn't subtract enough from the revenue to go less than 0.
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Re:Lyft Files S-1
by feynmanistheman on Friday March 01, 2019 @02:47PM
(#19284576)
Revenue is how much people have paid them. Since costs > revenue, their profit is negative. The loss already takes into account their revenue.