FT Transact
Are profits still a good thing?
Uber. Lyft. Snap. These US tech groups floated with multibillion-dollar valuations, yet all of them made losses last year, one-offs excluded. But tech successes such as Google and Facebook have made investors more willing to wait for companies to turn a profit. Meanwhile, the profit motive itself is under attack for fostering inequality. In light of this, the FT’s Jonathan Guthrie asks, “Are profits still a good thing?”
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FT Transact is a video channel turning the spotlight on the future of capital, exploring what’s driving transactional transformation - from trends in ecommerce, fintech and ESG investing, to the corporate innovators working to build the future of finance. The channel alternates between independent reporting from FT journalists and expert commentary from UBS.