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$70(rental fee) / 30%(Kitsplit cut) = $21 revenue 99.99 means one stolen item out of 10,000. So they'll make $210,000(using articles info) but can't pay $3,50
by adrr 7y ago
$70(rental fee) / 30%(Kitsplit cut) = $21 revenue
99.99 means one stolen item out of 10,000. So they'll make $210,000(using articles info) but can't pay $3,500 to cover a stolen item out of that revenue. I bet the CEO is lying about the theft rate.
- kennywinker 7y agoThey don’t even seem to acknowledge this as a theft (voluntary parting?!) so I have NO doubt that 99.99 number is fake as hell.
- optimuspaul 7y agothat's what I got from it, "voluntary parting" doesn't figure into the theft number because they can't/won't acknowledge those thefts as theft.
- Aleran 7y ago$70 was the camera owner's revenue after Kitsplit had taken their cut. The rental fee was higher than $70.