Turo Going Public


If it does go public, I've been flirting with the idea of investing in these guys.

What I can't understand is, they are reporting huge losses (90 million), and I can't understand where they are getting that from?

They don't own the cars… I guess its some kinda weird “paper” loss like they've, got liquid, but have taken out loans at 1% or something so it appears they have a debt, to avoid taxes or something?

Sorry if this comes across as nonsensical ramblings, I am a complete newb.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *