4 ms·
Valuation of $5 billion would buy P/S 6.3 with negative P/E for 18 year old non-innovating company that is already in the second phase of enshittification.
by nabla9 3y ago
Valuation of $5 billion would buy P/S 6.3 with negative P/E for 18 year old non-innovating company that is already in the second phase of enshittification.
- brodouevencode 3y agoThis seems like a last ditch effort to make it relevant again.
- Havoc 3y agoThey might still pull it off anyway with their data play given AI hype And by pull it off I mean original investors get out and someone else is left holding bag
- nolok 3y agoIt would be really surprising given that all of the data up to 2020 is already out there. They made a deal to give a firehose of data to an ai company and it was only for 60 million.
- Havoc 3y agoYep. I don’t see how this is worth billions either but that seems to be the play.
- stormfather 3y agoGoogle might want their post 2020 data to lobotomize the next generation of Gemini
- DaSHacka 3y ago"I'm sorry, as a heckin wholesome 100 roboterino, I can't generate any content that spreads dangerous misinformation about our sponsors."
- ametrau 3y agoBut licensing will be bigger. And big money will be pushing it as an edge / moat—one of the few they have.
- shitlord 3y agoThe company actually would have been profitable in 2023 if it didn't pay out >$200M in combined compensation to the CEO and COO. Edit: cfo -> coo
- nabla9 3y agoThey didn't pay $200M. They gave stock options. Actual pay is just few million.