Formerly Sacred Now Rotting Silicon Valley Dictum of “Growth at All Costs” Crushes Okta: Shares Collapse 80% from Peak

Okta was founded in 2009, went public in April 2017, and isn’t a newbie startup anymore. But last night, it reported another huge net loss for its second quarter ended July 31, of $210 million, on $452 million in revenues. Its losses have increased every year since it started disclosing them seven years ago...