Sometimes I think that this is America's favorite passtime ---making up bad things about investing, although my guess is that some just do it to cover up their own willfull ignorace. fwiw:
Snap lost $514 million last year and warns that it 'may never be profitable'
- Feb. 2, 2017, 6:02 PM
The company's losses have been widening in recent quarters as Snap ramps up spending and hiring.
Snap also said that it "may never achieve or maintain profitability," as it plans to continue investing heavily in its business.
"We began commercial operations in 2011 and for all of our history we have experienced net losses and negative cash flows from operations," Snap said in its regulatory filing with the SEC. "If our revenue does not grow at a greater rate than our expenses, we will not be able to achieve and maintain profitability."
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Snap lost $514 million last year and warns that it 'may never be profitable'