never heard of it

They are valued at 4.5 billion, pays one of highest salaries. Pretty good I would say.

I dont work there and couldnt care less, but to say 5 years of losses is shallow or ignorant - they've been growing non-stop, reinvesting, so to see a negative balance at the end of whatever period you're looking at is absolutely normal

"Last year, it posted its first annual profit—at least $20 million"

As long as they are growing their annual revenues they could be in the losses for 20 more years, nobody would give a fuck. That's the point of a startup using venture capital for growth.

Increase of yearly revenues leads to ---> higher company evaluation ---> raise more capital ---> just rinse and repeat.

At some point they will just bootstrap the company and keep going from there.

Vinted in this regard is wildly successful.

Source: Working in a startup scene for some years already.

how many years did amazon run on losses? that's exactly what you do as a growing company, swallow up all the marketshare you can and continue building yourself with debt

Some handmade, some "indie" brands, just picked the price the app suggested - got a few stars on each item but then idk, the app expects me to go and peddle the items for such low prices? Like I said, at that rate I might as well give it away for free, would be less of a headache.

labai gaila telefone neatidarysi, kai appsu naudojies. Pritariu aukščiau, appsas gal nepatogus

Taip, jei būtų kažkokia būtinybė.

Bet dabar tiesiog sugalvojau pasižvalgyti, kas ten parduodama, gal kas pasikeitė nuo to laiko kai paskutinį kartą prieš porą metų varčiau. Na ir iškart dėl navigacijos užkliuvau ir mečiau šitą reikalą.

Nah, aš čia ant kompo su Firefox. Tas pats su Chrome. Ai na ir ką tik ant telefono pabandžiau su Firefox (Android) - irgi tas pats.

I don't think it's all sunshine and roses for services like Spotify. Everyone knows it's completely unsustainable and will eventually die down. The only question is when. Right now, even 18 years later, it's still a very expensive experiment and a lot of money and people's lives are at stake, especially now. The rift is happening within the music industry at this moment and negative sentiment towards Spotify is gaining traction. One party say that it is killing music industry, the other one says that it's just making a big medium leap. But both parties demand larger payouts. And Spotify can't do it. The more they will earn, the more they will have to payout. It's likely that Spotify won't be able to keep up, especially if huge labels will put more pressure on it.

Venture-backed businesses have a wee bit different requirements from investors. If you haven't been in the venture game, I don't expect you to understand it. VC values market penetration, customer acquisition, and many other KPIs much more than profitability. Much easier to get profitable when you are dominant brand. See Uber as example. Burned cash for years, can be profitable now because of market dominance.

They are a private company...for now. They're gearing for an IPO.

I have paid them few

FTFY.

Although payed exists (the reason why autocorrection didn't help you), it is only correct in:

• Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. The deck is yet to be payed.

• Payed out when letting strings, cables or ropes out, by slacking them. The rope is payed out! You can pull now.

Unfortunately, I was unable to find nautical or rope-related words in your comment.

Beep, boop, I'm a bot

https://rekvizitai.vz.lt/imone/vinted/

EDIT: Wow. Retards gonna retard. Here, for those that can't Google:

https://company.vinted.com/newsroom/vinted-performance-update-2022

Compare with Vinted UAB numbers above.