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fire7side They mainly do that to escape paying taxes. They are basically a successful company. At some point they will have to start showing a profit. As far as being down 70 percent this year, that's not much different than most tech companies. It's a very bad year. Worst in over a decade for drop in stock prices.
Aye, this is the correct assessment, for companies like this they operate in heavy losses while they perceive themselves to still be in their growth phase. Which they will remain in until their investors finally give them a hard kick to finally start producing them their profits(edit: by that I mean the dividends). In other words, if such a kick hasn't happened yet and their investors are still bankrolling them then it must be that their investors still agree with the assessment that they have growth potential.