- Q1 Revenue of $644 million
- Q1 Cash Flow of $7 million
- $450 million loss for 2010
- CEO statement regarding future profitability: 1) "We cannot be certain that we will be able to attain or increase profitability on a quarterly or annual basis.” 2) “In the past, we’ve made investments in growth that turned a healthy forecasted quarterly profit into a sizable loss.” 3)“When we see opportunities to invest in long-term growth, expect that we will pursue them regardless of certain short-term consequences.”-----Wall Street speak for we expect more losses.
The winners---CEO Andrew Mason, co-founder and board member Eric P. Lefkofsky, and venture capital firm Accel Partners.
The losers---Anyone who buys the stock on the first day of trading. You have to wonder how many fools are willing to stick their neck out and buy into the IPO after what happened to LinkedIn?
Black Swan Insights