, Columnist
Olam's No Amazon
Spending like an Internet giant is a lot more precarious when it's financed by debt.
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Here's one of those undisputed facts that happens not to be true: No large company can survive long without gaining a significant return on its investments.
You need only to look at the early growth of Uber or Facebook to see that investors will happily pour money into fast-growing businesses in the pursuit of scale that can be monetized at a later date.