u2takey
2018-08-31
$拼多多(PDD)$ 亏损不重要,关键是用在哪了。如果是一次性支出,那么可以忽略不计。如果是正常亏损,而且亏损增长大于营收增长,那问题就很大了。如果同时亏损还远大于营收?那这个公司就是负价值。
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挣点奶粉钱
2018-08-31
挣点奶粉钱
高速成长的电商公司一般不看营收,看gmv,营收主要来源佣金和广告,显然,pdd现在不会急于变现
u2takey
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营收增速也是很重要的,营收增速如果小于亏损增速就很危险。好在拼多多说8亿亏损里面7亿是股权薪酬等因素,可以理解成一次性支出吧。
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