[jbrown]

Indeed. The day they are profitable they are going to start pushing that IPO. And as you said, its going to be the single worst thing they have ever done/desired.

What I don't understand... they are #2 in the space, HOW THE HELL are they NOT PROFITABLE?!?!?!? I don't see overhead as being a good excuse...

Easy. Keep raising capital from VC firms and selling a high growth story. Grow insanely now, profits come later. Until they don't and/or you can't continue to raise money. Then the wheels come off the bus (and the merchants go round and round...)