Another year, another set of opaque accounts from What3Words. Why do I say opaque? Because despite quite a few years of reading company accounts I feel that I must be missing something when I read through these accounts. The headline info is clear: The cumulative position is eye watering, since its formation w3w has accumulated £146m of losses and taken on £160m of investment, The directors consider w3w to be a “going concern” and it […]
w3w
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Today is the day that geo-geeks around the world have been waiting for, a little later than expected, What3Words have published their 2021 accounts. I have expressed some doubt about the usefulness of what3words and I may have also commented unfavourably on their business model even doubted that investors could ever get a decent return on their investment. Well I was wrong! Yes, I said that – I was mistaken in my assessment about what3words. […]