[nabla9]

Valuation of $5 billion would buy P/S 6.3 with negative P/E for 18 year old non-innovating company that is already in the second phase of enshittification.

[shitlord]

The company actually would have been profitable in 2023 if it didn't pay out >$200M in combined compensation to the CEO and COO.

Edit: cfo -> coo

[nabla9]

They didn't pay $200M.

They gave stock options. Actual pay is just few million.

[shitlord]

These figures are from the S-1 and the compensation includes both stock options + awards.

[nabla9]

Yes they are and stock options are almost all of the compensation.

[shitlord]

Oh, I see what you mean.

[Havoc]

They might still pull it off anyway with their data play given AI hype

And by pull it off I mean original investors get out and someone else is left holding bag

[nolok]

It would be really surprising given that all of the data up to 2020 is already out there. They made a deal to give a firehose of data to an ai company and it was only for 60 million.

[ametrau]

But licensing will be bigger. And big money will be pushing it as an edge / moat—one of the few they have.

[Havoc]

Yep. I don’t see how this is worth billions either but that seems to be the play.

[stormfather]

Google might want their post 2020 data to lobotomize the next generation of Gemini

[DaSHacka]

"I'm sorry, as a heckin wholesome 100 roboterino, I can't generate any content that spreads dangerous misinformation about our sponsors."

[brodouevencode]

This seems like a last ditch effort to make it relevant again.