"...and prospects darken"

It doesn't actually sound like that from the body of the article.

I have no idea if this is true or not, but the story says most of the $1.14B loss was due to booking employee stock based compensation of $894M. I'm assuming that's come out of the IPO and is not a recurring cost.

With revenues of $776M, which perhaps are mostly recurring, doesn't that seem to bode well for the future?

Of course, I'm not sure what we can expect their actual on-going costs or revenues to be. I'm just not seeing any reason for concern in this article fter the headline.