Why Financial Statements Don’t Work for Digital Companies
Harvard Business
FEBRUARY 26, 2018
Twitter reported a loss of $79 million before its IPO, yet it commanded a valuation of $24 billion on its IPO date in 2013. In contrast, industrial giant GE’s stock price has declined by 44 % over the last year, as news emerged about its first losses in last 50 years. Let’s first look at the balance sheet.
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