Season 2, Episode 6: Spotify’s Direct Listing
Acquired
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Drop Box Isn't Generating Any Cash Flow at the Moment.
In 20 17, they did five billion dollars in revenue, but they took a one point four six billion dollar loss. They've got half a million dollars of cash available on their balance sheet. But they're losing ion and a half every year, or at least at their current run rate. Unless they get profitable fast, they will actually need more money to continue funding the businessnoy i think there's a yes butt here, a yes.
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