In the recent past companies coming to market wore their losses as a badge of pride. They were a sign of ambition, scale and speed of growth. Now the public market has seen through that.
在不那么遙遠的過去，虧損企業在上市時把虧損當作一種榮耀徽章來佩戴。那時，虧損是雄心、規模和增長速度的標志。如今，公開市場看破了這一點。
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