1. They have in fact had "that much" funding, $2.6B according to Crunchbase
2. Likely their actual cashflow is not as bad - I suspect that, likely other tech cos, they have a lot of expenses in the form of stock comp, which is not an actual cash cost to the company. but must be accounted for per GAAP.
2. Likely their actual cashflow is not as bad - I suspect that, likely other tech cos, they have a lot of expenses in the form of stock comp, which is not an actual cash cost to the company. but must be accounted for per GAAP.