Not always a bad thing, provided a company has a good long-term strategy. Amazon, at the beginning, burned through a ton of cash underpricing competitors in order to drive them out of business.
WeWork did it to make their CEO rich and so he could look cool, somewhat less of a good strategy.
LOL.
Headline should read: “The two most notorious money burners in all of tech team up to start a new money bonfire”
The honestly seems more like a PR initiative and an overall oligarch/corruption alignment ritual of sorts.
I think that’s what THEY think it is.
I just predict this will get absolutely crushed by the “megaprojects curse”
Oh yeah, when I saw Masayoshi San up there, I couldn’t help but think of WeWork and every other crap-ass startup he blew Saudi money on.
Sam Altman is also very accomplished in this area
🤣
Not always a bad thing, provided a company has a good long-term strategy. Amazon, at the beginning, burned through a ton of cash underpricing competitors in order to drive them out of business.
WeWork did it to make their CEO rich and so he could look cool, somewhat less of a good strategy.
Was Amazon ever outspending revenue by more than two to one?
I don’t recall the exact numbers, TBH. I just recall that for many, many years their cash burn was immense.