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Comment by maccard

9 years ago

> It's only losing money because of stock grants.

That's like saying "We're only losing money because we have to pay our staff"

2 comments

maccard

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acdha  9 years ago

They do pay their staff. Unfortunately the stock compensation was based on the … highly optimistic … story they told around the IPO about growing to be as large as Google or Facebook. Why spend prudently when you're about to be stupid-rich?

  • danudey  9 years ago

    I can't count the number of companies I've seen die or collapse because of this mentality.