[…] a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.

  • TheaoneAndOnly27@kbin.social
    18·
    9 months ago

    This is going to be like Robinhood all over again. It’s going to go public. It’s going to shoot up in valuation, insiders are going to sell, and then it’s going to crash back down.

    • FlexibleToast@lemmy.world
      20·
      9 months ago

      That’s almost every tech company. IPOs are designed to make the rich richer. They get early access which drives sales, others buy into the hype, and the early access people cash out.

    • TropicalDingdong@lemmy.world
      101·
      9 months ago

      then it will go back up because people are too fucking lazy to leave a predatory piece of shit product even if they know better.