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.
在不那么遥远的过去，亏损企业在上市时把亏损当作一种荣耀徽章来佩戴。那时，亏损是雄心、规模和增长速度的标志。如今，公开市场看破了这一点。
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