Burn!!

[drk]

https://www.cnbc.com/2021/08/24/warby-parker-in-ipo-filing-reveals-rising-salesbut-also-widening-losses.html

[Robert_S]

Lol

[Robert Martellaro]

All foam and no beer.

They haven't made a profit since day one.

https://www.fool.com/investing/2016/06/05/how-does-warby-parker-make-money.aspx

That's how disrupters and pirates work- ruining lives and careers, selling off the bits to their pirate buddies, hiding behind a fake altruistic 'social mission'.

Not fooled,

Robert Martellaro

[drk]

AMEN to that, brother.

[NAICITPO]

https://www.cnbc.com/2021/08/24/warb...ng-losses.html

[NAICITPO]

https://invisionmag.com/warby-parker-sued-by-1-800-contacts-trademark-infringement-alleged/

DOUBLE BURN!

I don't even care who wins that battle, I hope they both lose lol.

[AngeHamm]

https://invisionmag.com/warby-parker...ement-alleged/

DOUBLE BURN!

I don't even care who wins that battle, I hope they both lose lol.

Huh. It turns out the enemy of my enemy is... also my enemy.

[kdw613]

Going public = Looking to sell

[Prentice Pro 9000]

https://www.cnbc.com/2021/08/24/warb...ng-losses.html

I’m a little dumb. How do you you have $300 revenue and lose money?

[Uncle Fester]

Not hard when venture capital money buys this:


"This new unit, a very serviceable two-bedroom, two-bath with parquet floors, big South-facing windows, a sunroom and a tiny kitchen (who cares when you’re planning a combo? Besides, as the Blumenthals once confessed, “we specialize in eating out and delivery”) was listed for $2.6 million with Halstead’s Laurie Silverman. But it appears that the Blumenthals were very keen on picking it up from neighbor Mitsuko Furukawa, given that they paid $2.8 million, a sizeable chunk over ask. (You could buy 2,105 pairs of Warby Parker glasses with the $200,000 overage!).


Incidentally, when the couple first bought in the building, they also paid $200,000 more than ask, bringing their total investment to $6.3 million (and we’d guess, will be spending quite a bit more with the renovation costs of combining two units). But in the end, they’ll be able to enjoy a five-bedroom spread, the likes of which are somewhat rare in the quaint co-op world of the Village."

https://observer.com/2015/02/warby-parker-founder-neil-blumenthal-expands-butterfield-house-holdings/

[Lelarep]

I’m a little dumb. How do you you have $300 revenue and lose money?

Revenue\Gross Sales = Money coming in.

Operating Costs\Expenses = Money going out

Income\Net Income = Revenue - Expenses

If Revenue > Expenses then that = + Income, with + Income = Profit

If Revenue < Expenses then that = - Income, with - Income = Loss

That's the essentials of it.

So, one can have a billion dollars in Revenue, but if Expenses are 1.2 billion, then that leads to an Income of -200 million, so that would be a Loss.