News for hackers. Stuff that matters.

A comment on Y Combinator invests in Monzo through its Continuity Fund. Parent comment

Re:Y Combinator invests in Monzo through its Continuity Fund by easytiger on Tuesday June 25, 2019 @10:47AM (#20274740)
> It reported operating loss for 2017, because it stopped losing money on monthly basis only in December 2017.

What are you talking about? That's gibberish. It lost about £15million in 2017

[ Parent | on HN ]
Re:Y Combinator invests in Monzo through its Continuity Fund by krn on Tuesday June 25, 2019 @11:10AM (#20275013)
> It lost about £15million in 2017

If a company was losing money for the first 11 months out of 12, that's an expected result.

[ Parent | on HN ]
Re:Y Combinator invests in Monzo through its Continuity Fund by easytiger on Tuesday June 25, 2019 @11:28AM (#20275196)
> If a company was losing money for the first 11 months out of 12, that's an expected result.

I dunno what you think you are trying to achieve. Revolut is not profitable

[ Parent | on HN ]