Comment by wkat4242
2 years ago
That doesn't mean they were actually profitable at those rates though. They could have been in growth hacking mode with venture backing.
2 years ago
That doesn't mean they were actually profitable at those rates though. They could have been in growth hacking mode with venture backing.
They were well-known for not doing that, though.
Hmm but then how did they manage before asking for that 1 euro? There were a whole lot of years where it was completely free (yes before the Facebook takeover). Here in Europe we've only needed to pay once or so until it got taken over.
There must have been some kind of venture backing because there was no money coming in at all from users for a long time.
I looked further and you were pretty spot on! It ran a loss of 138 million in 2013 alone according to their SEC disclosures for that year.