A look at some of the big tech companies, the amount of money they lose and their profitability prospects, if any.
Why They (Were) Losing Money: The anonymous social media app (remember that craze?) earned a flurry of breathless coverage in early 2014, but never had a significant revenue source.
Most Outlandish Expenditure: While Secret was still hot, co-founder David Byttow sold some of his shares for $3 million and bought a Ferrari. Sure, that makes it a personal expense, but still. Very classy.
Profitability Prospects: Zero. The app shut down 15 months after it launched, and the founders promised to return the venture funding to investors. What was left of it post-Ferrari, anyway.