Friday, November 24, 2017 11:10:58 AM
It could take years before a company experiences enough revenu to make profit or gets acquired,
Here are five successful companies that also didn't make a dollar for almost five or more years.
Jeff Bezos from AMAZON finally turned a profit in 2003, which was nine years after being founded and seven years after going public. Bezos was able to turn things around for Amazon by laying off one-seventh of Amazon's work force and closing some distribution centers.
In the decade following Amazon's first profit, there's still debate as to whether it actually makes money. For example, there was an article from NASDAQ in October 2013 that asked "Will Amazon Ever Make Money?" However, former Amazon employee and shareholder Eugene Wei argues that Amazon does make a profit on most items sold on the site and has a profitable model as well.
Here the whole story of the 5 companys
https://www.inc.com/drew-hendricks/5-successful-companies-that-didn-8217-t-make-a-dollar-for-5-years.html
16 firms worth billions despite losing money
http://money.cnn.com/2015/01/23/investing/shazam-tech-startups-lose-money/index.html
10 Billion Dollar Companies that Didn’t Start with Business Plans https://www.retireat21.com/entrepreneurship/billion-dollars-without-plans
$$$NSAV$$$$
-Buy, Sell and trade stocks at your own risk.
-What I say in my posts are strictly my opinions.
-So do your own DD (Due Diligence) and take your own decisions.
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM