The Economist (April 20)
2019/ 04/ 22 by jd in Global News
“Investors often describe the world of business in terms of animals, such as bears, bulls, hawks, doves and dogs. Right now, mere ponies are being presented as unicorns: privately held tech firms worth over $1bn that are supposedly strong and world-beating—miraculous almost.” Except they’re not. Many so-called unicorns lack effective business models. In fact, “a dozen unicorns that have listed, or are likely to, posted combined losses of $14bn last year. Their cumulative losses are $47bn.”
Tags: Business models, Investors, Losses, Miraculous, Unicorns, World-beating
