Cash Wildfire Spreads Among Young Tech Companies
It’s time to get real about the financial fragility of young technology companies. Far too many are living beyond their means, flirting with disaster and putting their investors at risk.
Bloomberg Opinion examined 150 U.S. technology companies that had gone public since the beginning of 2010 and were still operating independently as of Aug. 10. About 37 percent had negative cash from operations in the prior 12 months, meaning their cash costs exceeded the cash their businesses had generated.
📈 The smart-money is continuing its exodus of the stock markett.co/2fdCkJsLr0
via @zerohedge #StockMarket $SPX $SPY #BTFD pic.twitter.com/1MgaDIsbYn— Geni (@esimong) July 12, 2018
"Long #FAANG+BAT (Facebook, Amazon, Apple, Netflix, Google + Baidu, Alibaba, Tencent) remains the most crowded trade for 7th straight month in BofAML Fund Manager Survey and most crowded trade outright since Long USD Dec'15," h/t @Schuldensuehner pic.twitter.com/d0h1vgy6Wj
— Alastair Williamson (@StockBoardAsset) August 14, 2018
— Alastair Williamson (@StockBoardAsset) August 14, 2018