More than 1/3 of U.S. technology companies that have gone public since 2010 still have negative cash from operations; The smart-money is continuing its exodus of the stock market

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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. 

 

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