Companies That Aren’t As Profitable As You Think
Marty Mcfly
Published
07/09/2015
Making a profit is the ultimate goal of any company in business. However, that isn’t always the case. These companies all are worth tens of millions to tens of billions of dollars, yet don’t make the kind of profits we think they do.
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1.
The online retailer says it has posted over $1 million in profits but most experts don’t believe it. They haven’t backed up their claim yet either. They recently cut a lot of costs and had rounds of layoffs and CEO Jason Goldberg didn’t take a salary in 2014. Still, there is a lot of promise in this company and investors are still intrigued. -
2.
Once a huge player in telecommunications, Sprint has been eaten alive in mobile telecoms. It lost about $2 billion last fiscal year and figures to lose another $1+ billion again this year. -
3.
Low demand for their televisions and cameras has hurt this electronics giant. Out of the last seven years they have posted losses in six of them. One thing that does keep Sony up is their gaming console, Playstation. -
4.
The mobile gaming company has had a lot of successes with their games but nothing that has been sustained. The mobile gaming landscape is filled with short-lived success and trying to keep ahead of that curve is tough. People aren’t loyal to the game for long enough periods of time and the company’s stock is trading well below its IPO price. -
5.
It is a huge resource for house-hunters. It is also unprofitable. Trulia, also in the same business and merged with Zillow, is also unprofitable. The ability to make money is there and some folks think they will be profitable soon enough. Maybe. -
6.
It took this $4+ billion company years to make a profit. It had a $900 million IPO and has seen its stock grow and grow but it took until 2014 for the site to enter the black for the first time. Profits were just under $2 million then but growth continues. -
7.
The blogging site with hundreds of millions of monthly visits was bought by Yahoo! for $1.1 billion in 2013. It was generating money but still had high costs. In fact, the company reportedly had less than $17 million in reserves at the time of the acquisition. -
8.
Estimates have this company valued at anywhere from $1 billion to $3 billion with extra growth seemingly imminent. In-app transactions were the first round of monetization but early on the company made no money, relying solely on investors. -
9.
The good news is Tesla has the money thanks to investors and they have a plan which should see them turn a profit in 2020. -
10.
The online file sharing company had several false starts with their IPO. They also lost $170 million in 2014. -
11.
A busted IPO in 2011 hurt big time. The site has become massively popular with deal seekers and should show big profits down the road. -
12.
The social media giant rescued itself with an IPO and it gets tons in investments. As long as those cash reserves are there they will be fine. -
13.
Actually posted a $78 million loss in 2012. There are still millions of paid subscribers but also lots of emerging competition. -
14.
They are valued at almost $4 billion and that figures to grow. This company is on the rise and should start to attract tons of advertisers as there are a lot of high-income women that use Pinterest and they are one of the most targeted and coveted demographics. -
15.
Instagram is now owned by Facebook, but Facebook shelled out $1 billion for this company that had never shown a profit. -
16.
Amazon technically makes a profit, we think. They reinvest a ton of their money back into their company and expansion. The thing is, Amazon is really tight-lipped when it comes to how they run their business. We do know they made a profit of $1 billion in 2010 and the company is valued at well over $100 billion. Stock continues to rise and the company is at the forefront of technology and convenience. It would probably post giant profits if it didn’t invest those profits into the company so much but that is what keep this company growing and thriving.
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