[econner]

Nothing like increasing net losses leading up to IPO!

2016 - ($682,794)

2017 - ($688,301)

2018 - ($911,335)

As a percentage of revenue though the loss is decreasing,

2016 - 2x

2017 - 0.6x

2018 - 0.45x

2018 revenue was $2.1bn.

Since they are a tech company and not a real company they can IPO at 10x revenue so that's ~20bn.

Who cares what their margins are.