Comment by hbrn
5 hours ago
Measuring ARR based on 7 days of data is beyond stupid.
You can create a company with 2B shares and sell one share to your friend for $1000. Lo and behold, you own $2 trillion dollar company, leaving Elon behind.
5 hours ago
Measuring ARR based on 7 days of data is beyond stupid.
You can create a company with 2B shares and sell one share to your friend for $1000. Lo and behold, you own $2 trillion dollar company, leaving Elon behind.
Especially for a company still in their 15 minutes of fame that could very plausibly turn out to be a one hit wonder and a trivia question in two years.
Multiplying out revenue from the peak of their mini hype cycle while a dozen well financed competitors target them directly seems extremely optimistic.
Ha, two years is too generous.
If they weren't lying about $100M ARR, they had to be at 6.5T/day for a week to hit that number.
They also claimed they were at 1T/day just couple weeks ago. That's $15M ARR.
85% drop in just a couple of weeks?