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Even if the engagement hours are massive, if they're not growing at the rate they claim, their stock price is not justified. They have not made a profit with t
by rossdavidh 2y ago
Even if the engagement hours are massive, if they're not growing at the rate they claim, their stock price is not justified. They have not made a profit with their existing "massive" traffic, so the prospect of growing into something that is profitable is key to the case for their current stock price.
I have to agree on the other half of the headline, although if they're already unprofitable then there is a legit question of whether or not they can afford the amount of human oversight that every large platform (let alone a kid-oriented one) is going to require.