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24-10-2022, 11:40 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Net profit (or rather, loss) margin was -33%. Lose 33 cents for every $1 earned.
Uber still losing billions every year.
Grab also losing money.
Amazon only became profitable after about a decade.
There is opportunity cost in investing in fintech start-ups and unicorns.
And also risks.
We hear only of the success stories, but not the 90% which failed.
Might as well buy blue chips, enjoy modest but steady capital gains and dividends.
Take profit 10 years later and then buy these fintechs...
Read more (https://www.sammyboy.com/threads/are-fintech-and-online-businesses-better-businesses.300648/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/are-fintech-and-online-businesses-better-businesses.300648/).
Net profit (or rather, loss) margin was -33%. Lose 33 cents for every $1 earned.
Uber still losing billions every year.
Grab also losing money.
Amazon only became profitable after about a decade.
There is opportunity cost in investing in fintech start-ups and unicorns.
And also risks.
We hear only of the success stories, but not the 90% which failed.
Might as well buy blue chips, enjoy modest but steady capital gains and dividends.
Take profit 10 years later and then buy these fintechs...
Read more (https://www.sammyboy.com/threads/are-fintech-and-online-businesses-better-businesses.300648/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/are-fintech-and-online-businesses-better-businesses.300648/).