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PayPal: Dan Schulman

Wisdom From The Top with Guy Raz

CHAPTER

Virgin Wireless

CNN's John Defterios asks why Virgin never became profitable. He says the way wireless business model works is that you need to acquire customers and you pay to acquire that. The faster you grow, the longer it takes you to become profitable, he says. But over time, the bigger you are, the more successful and the more profitable, defterios adds.

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