> So now we know that there is atleast some appetite for shares with no controlling interest and no indication of paying out a dividend any time soon.
Not to mention their $500 million net loss last year. There are cheaper cash incinerators.
> I'm interested to see if they try and make people view the company via GAAP accounting(PnL) or non GAAP measures like engagement, monthly users, etc.
There's no doubt in my mind -- they'll pull some social flim-flam for as long as they can. The whole thing is just nuts. No one's going to buy them now, and their pivot to becoming a "camera company" has yielded an even uglier version of Google Glass.
Man, this surveillance economy bubble feels so close to bursting...
Not to mention their $500 million net loss last year. There are cheaper cash incinerators.
> I'm interested to see if they try and make people view the company via GAAP accounting(PnL) or non GAAP measures like engagement, monthly users, etc.
There's no doubt in my mind -- they'll pull some social flim-flam for as long as they can. The whole thing is just nuts. No one's going to buy them now, and their pivot to becoming a "camera company" has yielded an even uglier version of Google Glass.
Man, this surveillance economy bubble feels so close to bursting...