Many tech companies are not profitable early on
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Posted On: 05/25/2019 11:49:31 AM
Many tech companies are not profitable early on
It's the reason why the raise money
For example, it took salesforce 16 years to post a profit. At the early stages even Amazon wasn't profitable. Lyft and Uber are losing money.
What's this now? Salesforce reports a profit
"Here’s something interesting: Salesforce—which has never seemed overly concerned with posting profits—just posted a first-quarter profit, albeit a thin one."
http://fortune.com/2015/05/20/salesforce-q1-profit/
It's the reason why the raise money
For example, it took salesforce 16 years to post a profit. At the early stages even Amazon wasn't profitable. Lyft and Uber are losing money.
What's this now? Salesforce reports a profit
"Here’s something interesting: Salesforce—which has never seemed overly concerned with posting profits—just posted a first-quarter profit, albeit a thin one."
http://fortune.com/2015/05/20/salesforce-q1-profit/
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