Hacker News Reader

Full thread

sidyapa

The financials - https://imgur.com/a/NZONeDo

TLDR : Revenue - $1.535B | Costs - $2.904B | Loss - $1.369B

View on HN

So revenue and net loss are almost the same number. They lose^h^h^h^h spend $2 for every $1 that comes in. Ouch.

Edit: Yes, spend is better verb here than lose...thanks

Not quite - they spend $2 for every $1 that comes in, so they lose $1 per $1 of revenue

Whats the expectation here? That real estate will get 50% cheaper or that users will pay 100% more to rent an office?

There's a contribution margin graph on page 72, that kind of tries to explain away their high costs as costs related to their expansion and that their existing locations have a sizable margin that is hidden by all their expansion costs. I don't really buy it, but that sounds like the story they're trying to sell.

That was the Amazon story.

I didn't buy it to my loss until only recently.

Reply on news.ycombinator.com