"We incurred net losses of $146.9 million, $140.1 million, and $138.9 million in fiscal years 2017, 2018, and 2019, respectively." The promise of а profitable first quarter in 2054 makes Slack the hottest tech IPO of the year
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It is a tribute to the New Economy that you can now lose as much money making "IRC with pictures" as you can offering taxi rides to people at a loss, or promising and then not delivering an electric car
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I guess one way to run online chat at a loss is to promise almost a quarter billion dollars to Amazon. " As of January 31, 2019, the Company had a remaining minimum payment obligation of $212.5 million to AWS through July 31, 2023"
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I can't get over the fact that I have 21,374 active users and am more profitable by several hundred million dollars than Slack, Lyft, Uber, Tesla, and Pinterest put together. It's like showing up for school on Backwards Day when nobody told you, except with money.
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