x
Fizzucked
Fizzucked  The latest in everything
Home • Contact • Login • Sign up
The latest in tech, sports, entertainment, finance, jerky times, stupidity, high fashion and so much more

Discussions
Finance
Investing, economics and markets
Business
Latest deals, mgmt changes and everything else!
Entertainment
Movies, music, celebrity and TV
Sports
Latest hockey, soccer, tennis news
Funny
Have a laugh or cry

Recent Comments
BigP commented on
SOME GREAT POINTS !..... Fin..
1793 Days ago
BigP commented on
SOME GREAT POINTS !..... Fin..
1793 Days ago
BigP commented on
MUST READ !.......Running Ho..
1805 Days ago
BigP commented on
First Class GRETA ! hahahaha..
1815 Days ago
BigP commented on
Sikh Workers At Mafia-Backed..
1866 Days ago
BigP commented on
The Harrowing Facts Of Chica..
1868 Days ago

1914 Days

https://www.zerohedge.com/news/2019-09-03/drone-bubble-implodes-wipes-out-startups-and-hammers-vc-firms

Reply Like 0 Comment(s) View
BigP  1914 Days
In particular, Bloomberg mentions how French manufacturer Parrot SA halted most of its drone production in July. Software startup Airware Inc. raised $118 million from private investors before closing its doors and laying off 140 employees last year. GoPro's Karma drone was one of the biggest flops in the hobby drone space





Latest Posts

1933 Days

https://www.zerohedge.com/news/2019-08-19/latest-sign-absolutely-nothing-makes-sense

Reply Like 0 Comment(s) View
BigP  1933 Days
WeWork consistently burns cash and has no expectation of making money “in the foreseeable future” according to its own SEC filing.
In fact, WeWork lost almost $1 billion in the first six months of 2019, putting it on pace to lose even more money than the $1.9 billion it lost in 2018. WeWork is going public at a valuation of nearly $50 billion !.
Much of this excess is due to WeWork’s legendary silver-tongued and messianic co-founder/CEO, Adam Neumann.
Neumann has actually been able to convince people that WeWork is a technology company, as a way to justify its absurdly high valuations.

There’s also not a SINGLE line item in WeWork’s financial statements that shows ANY research and development.
 For technology companies, this is ALWAYS an important item in their financials.
Google spent $16 BILLION on research & development last year, amounting to roughly 14% of its revenue. Amazon spent $22 billion, 12% of its revenue. Facebook spent $7.8 billion, nearly 20% of its revenue.
And even stodgy old Johnson & Johnson, which doesn’t even pretend to be a tech company, spent more than $10 billion (13.8% of revenue) on research & development in 2018.