To Reward Zipcar for Net Losses of $14 Million, Investors Just Made It a Billion-Dollar Company


On its first day as a public company, investors buying nearly 10 million shares helped give Zipcar, a company with no profits, a $1.1 billion market capitalization by choosing to focus on the positive (29 percent growth year over year). Come into the bubble, it’s so warm in here — and look, there are all your friends! [Fortune, Wired]