Term Sheet — Monday, April 29
Good morning, Term Sheet readers -- I'm back!
Snap: $310 million loss on $320 million in revenue Uber: $1 billion loss in the first three months of 2019 Lyft: ~$1 billion loss in 2018 Slack: $140 million loss in the last fiscal year
I read a Wall Street Journal column titled, "Why Investors Don't Care That Snap and Lyft Are Hemorrhaging Money" with great interest this morning. It explains how Silicon Valley seems to be shielded from expectations of profitability. Who cares if you're ...