From Snapchat to Uber, these are the tech companies worth billions despite never turning a profit

Many of the world's most valuable tech startups have never been profitable, raising billions of dollars from investors while still losing money every year. Tech startups typically focus on rapid growth in their early years, burning through investor cash in order to expand. Massive brands like Uber, Snapchat, and Spotify are among those that have yet to make a profit.

Many of the world's most valuable tech startups have never been profitable, raising billions of dollars from investors while still losing money every year. Tech startups typically focus on rapid growth in their early years, burning through investor cash in order to expand. Massive brands like Uber, Snapchat, and Spotify are among those that have yet to make a profit.

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.

Uber slides as London revokes company's license—Cramer and other pros reactUber's conflict with the city of London has come to a head, and experts aren't exactly surprised by the development.
Source: CNBC - 🏆 12. / 72 Read more »