4 ms·
It’s good that you have done that but does that section make sense? It says there was a 75% revenue cut, but the prior number is valuation, not revenue. Or was
by lostlogin 10mo ago
It’s good that you have done that but does that section make sense? It says there was a 75% revenue cut, but the prior number is valuation, not revenue. Or was valuation and revenue the same at that time (seems unlikely)?
Edit: some searching about suggests that Groq initially projected $2 billion in revenue for 2025, later cutting that forecast to $500 million. That appears to have be what this article is trying to say.
https://www.investing.com/news/company-news/groq-slashes-2025-revenue-projections-to-500-million--the-information-93CH-4158309 https://www.investing.com/news/company-news/groq-slashes-202...