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Company was burning $17m per month with less than $300m in revenue... while growing at a slower rate than ramp.com . simply unsustainable.


What am I not understanding about your comment, 300m is 25m per month, so that sounds very profitable?


They spend every cent of the revenue they made AND the extra $17m each month.


Ohhhh, I misunderstood that in the same way. $17 is the burn (i.e. the net loss), not the expenses.


Their spend is $42m per month


Is there some relevance in the comparison to ramp.com or were you just mentioning it as an example?


its effectively their competitor


Oh right... for some reason I thought it was a crypto startup. Maybe that's another Ramp


yeah, thats https://ramp.network/ . Also called Ramp. I made the same mistake previously.


An overview of the studies and data regarding the repurposed type-2 diabetes drugs that are now being used for weight loss by Elon Musk and other celebs.

Curious to hear others experience with Wegovy, Ozempic, and similar..


The writing was on the wall for quite a while here... the company is literally run by convicted felons.

Check out the short seller report -- https://www.sprucepointcap.com/carvana-co-update/


One ENS founder is already in jail for helping North Korea - just Google Virgil Griffith + ENS. He's been scrubbed from their site already.

Now this...

This project is rotten to the core.

That anybody chooses to use .eth in their Twitter handle is shocking to me.


Here's an article on Virgil's case. I wasn't familiar with this. Sounds similar to Aaron Swartz's case: https://www.coindesk.com/business/2021/09/29/why-did-virgil-...

He was with the Ethereum Foundation and ENS. Is Ethereum Foundation rotten to the core as well?


Sandy's background (the Amazon exec quoted at the top of the article) is very impressive! https://www.linkedin.com/in/sandyacarter/


I'm glad so many smart people are getting paid $200,000+ per year to bring such new and innovative products to the market.


Ahh Geocities, brings back memories.


Step #1, forget everything you learned on wall street bets


They got beat out by Opera who got there first, but Brave is a much better browser.


There are only so many viable combinations of 4-letter domain names... $2400 seems pretty fair compared to what .com's of the same length are going for (50K-$1m+ for random 4 letter combinations)


Fair compared to what? Why should the price for one be greater than another? The price of generating an NFT is the same no matter how many combinations.

As a user, I would not want willingly join in a new name system that benefits an arbitrary company so much. ICANN forces use of domain registrars so I have no choice. A future system should be better, I think.


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