How all these unprofitable companies sustaining high valuations: bending reality today has three elements: a vision, fast growth, and financing. But: A few firms other than Amazon have defied the odds. Over the past 20 years Las Vegas Sands, a casino firm, Royal Caribbean, a cruise-line company, and Micron Technology, a chip-maker, each lost $1bn … Continue reading Companies that loose billions have a hard time being successful