Many companies like Lyft and Uber are going public without having profits - The last time this was so common was in 2000, right before the dot-com bubble burst
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It took a while for this to sink in, since the arrest of Huawei's Chief Financial Controller a few days ago, but...
How does the USA have jurisdiction over Huawei's alleged sales to Iran?
Huawei is a Chinese company, not an American company. Sure, the USA has imposed sanctions on trading with Iran - but surely those sanctions would apply only to American companies. How does the U.S. government have jurisdiction over what a Chinese company does?