Replies to post #20006 on CarSmartt Inc (CRSM)

[JR30]

EVERY company raises money to GROW! Apple, Microsoft, Google, etc. ALL have raised money to GROW.

So very true. The realization that it takes money to make money is sometimes forgotten. CRSM is no different. They are trying to grow, and it takes money and time for this to happen.

How long did it take successful companies like Google, Apple, Facebook, Amazon, and Microsoft to be profitable?



Microsoft
Founded 1975
Profited 1975
0 Years

Apple
Founded 1976
Profited $793,000 on $7,856,000 revenue in 1978.
2 years

Google
Founded 1998
Profited $7 million on $86 million revenue in 2001.
3 Years

Facebook
Founded 2004
Profited 2009
5 Years

Amazon
Founded 1994
Profited $5 million on $1.12 bilion revenue in 2002.
8 Years

Netflix
Founded 1997
Profited --- still waiting to be profitable