Yes, but if you look at a site like facebook. It has 300 million accounts and it can’t make money on it’s customers. They are burning faster than they can reap cash. The fp board probably breaks even or not much better on it’s investment. It’s not that you can measure value in dollars, it’s just that the bank wants dollars back in return.
$265 million a year is real money.
They are burning faster than they can reap cash.
They are burning about $100 million a year in excess of revenue. If they get their model fixed soon, they will be rolling in cash. If not, they may be toast. However, there are some big boys in the industry trying to help them get the model right.