Recently, many Internet firms—typically those in the business of social media—are amassing billion-dollar valuations without earning a dime. Venture capitalists and other investors hope that today’s scrappy startup is tomorrow’s Apple or Google. Here’s a look at some companies that have crossed the $1 billion valuation threshold without having to worry about actually making money.
Recently, many Internet firms—typically those in the business of social media—are amassing billion-dollar valuations without earning a dime. Venture capitalists and other investors hope that today’s scrappy startup is tomorrow’s Apple or Google. Here’s a look at some companies that have crossed the $1 billion valuation threshold without having to worry about actually making money.