Lemonade, an insurance company backed by SoftBank, filed documents on Monday for an initial public offering.s by using artificial intelligence and big data to better analyze risk than traditional players in the space.
But like many other Softbank-backed companies that head to public markets, it's not making any money.Lemonade reported a net loss of $108.5 million in 2019, more than double its 2019 losses. Revenue, meanwhile, increased three-fold in the same span from $21.2 million to $63.8 million. "We have a history of losses and we may not achieve or maintain profitability in the future," the prospectus warns. "We expect that our net loss will increase in the near term as we continue to make such investments to grow our business."as Uber, also Softbank-backed, stumbled out of the gate following its May 2019 offering and WeWork's withdrawn plan to IPO.
Support 2A
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Look inside a converted Rhode Island fire station for sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. When you feel like giving up, remember why you held on so long in the first place. Never give up on your dream! I mean, they can’t get credit for keeping the fire pole. No sane person would remove the fire pole PTeach111 Wow. That’s quite a place.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside clash between Minneapolis police and union: Arradondo and Kroll - Business Insider[THREAD] 👇 Chief Medaria Arradondo — Minneapolis' first black police chief — once sued the city and the department, alleging racial discrimination. He’s attempted to institute meaningful reform, but has been met with resistance from the police union. Criminal justice experts say police unions impede meaningful reform in city police departments by protecting aggressive cops. In addition to advocating for higher wages, unions sought to protect job security by limiting disciplinary transparency. Here you go...here’s a really good way to reform police departments...target the unions...they’ve been hindering reform for years and protect bad cops when they shouldn’t be protected DemocRAT run Minneapolis right ? ...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No junk food. They save lives.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Saudi Arabia's Q1 oil-export revenue drops $11 billion as prices tank - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Always be thankful for the bad things in life. They open your eyes to see the good things you weren't paying attention to before. They’re not happy with China now This is the lowest, Saudi must find none oil income sources
Source: BusinessInsider - 🏆 729. / 51 Read more »
Jeff Bezos' wealth has exploded to $150 billion since the beginning of the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. TF Have a salad and relax 🥗 Olokito meo
Source: BusinessInsider - 🏆 729. / 51 Read more »
SUCCESS INSIDER: George Floyd, freelancers, Bain's CEO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Ben & Jerrys.. 6 Ways Police Have Used Sex To Infiltrate And Disrupt Protest Groups Cop Shoots FBI Agent Who Was Arresting Him for Conspiracy Against the Constitution
Source: BusinessInsider - 🏆 729. / 51 Read more »