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Re: Eagleshine post# 102603

Friday, 11/24/2017 11:10:58 AM

Friday, November 24, 2017 11:10:58 AM

Post# of 215565
5 Successful Companies That Didn't Make Dollars for 5 Years

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

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