In this article we are going to learn about the 5 biggest companies that aren’t profitable, published by Insider Monkey recently. People launch a company in order to make profits. But there are companies that have larges losses. Let’s see an example. From 1994, its foundation until just a few years ago, Amazon remained unprofitable. The reason is that Amazon kept making sales at extremely low and competitive prices to attract costumers.
After all this introduction let’s see what Insider Monkey has brought up with. Airbus stands on the fourth spot of the list. In 2019 the company had a total revenue of $78,883 million, a total loss of $1,524 million, and total assets of $128,413 million, employing 134,931 people. The fact that Airbus is on this compilation now, show deeply the COVID-19 pandemic stroke the air companies. Airbus had more than 110 million flight in 2016, ferrying over 12 billion passengers. As travel was possible again the company announced 15,000 job cuts in 2020 to manage its business during the pandemic and ensure its survival. On the third spot we can see SoftBank Group. In 2019 the company had a total revenue of $87,440 million, a total loss of $8,844 million, and total assets of $344,752 million, employing 80,909 people.It’s headquarter is in Tokyo, Japan. SoftBank is the largest technology company in Japan which operates in venture capital fund, and was formed 39 years ago in 1981. Its founder is Masayoshi Son, and is involved in e-commerce, internet, finance, media marketing, semiconductor, broadband and telecommunications. Surprising but true, that Nissan Motor is also on the list. Actually, it stands the second spot. In 2019 the company had a total revenue of $90,863 million, a total loss of $6,174 million, and total assets of $157,090 million, employing 144,933 people. Nissan is among the most famous automobiles companies across the globe. The company is headquartered in Japan, and was launched in 1933. For more edifying information, please click and jump to the link of the biggest companies that are not profitable.
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