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this post was submitted on 01 Apr 2024
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If anyone checked the filing presentation they literally put questions marks for their profitability. It was HILLARIOUS.
Before anyone asks, here it is:
https://www.sec.gov/Archives/edgar/data/1849635/000119312521348593/d242442dex992.htm
Lmfao. Here's a pic for the super lazy.
I strive to be super lazy. I was disappointed after having already clicked the link and wasted an untold number of seconds finding that slide only to scroll down and see it here.
Ha lmao same 🤣
You're doing God's work firewitch/witchfire
Same. It was at least 15!
Jesud christ! That's almost 41.5k years!
Holy goddamn shit, that's not even the funniest part of that! They estimate $3.6 billion in revenue by 2026? What fucking super-adderall-DMT-coke-meth-unicorn-fart drug are they smoking?
If they install a dictator and ban all other social media and also ban not participating in social media, then yeah, that’s actually a pretty conservative estimate.
They even mentioned that they estimated 15M monetized users and 10M recurring media subscriptions. So they're estimating $1.2B per year for the next 3 years of those 25M users. That's $48/mo between those 2 types of subscriptions. In the presentation they directly compared themselves to Twitter who charges $11/mo and Netflix, Apple, Disney+, and Amazon who all charge between $4.99 and $8.99 per month for basic service.
That's AT MOST $20/mo if all of those users paid for both. Which they dont even claim. So a competitive price for a Twitter blue alternative would net them ~$180M and ~$100M from media subscriptions. Where in the world are they getting the other $920M in their projections?
OMG Hahahahaha
No lie told because that is ridiculous
“Big Tent Approach - all are welcome”. 🤣
From page 25 of this presentation:
A graphic shows a Trump post on Truth social that reads.
Which google translates to:
Lorem ipsum is a pretty common placeholder text in publishing, to give an idea of what a font/page layout would look like.
In other words, they thought it safer to use random placeholder gibberish for their presentation, than use Trump's actual shitposts.
TIL. Thanks for the info. I had no idea that was even a thing til now
So they either did not do proper finance analysis or they are hiding numbers from shareholders, neither of which inspire confidence.