this post was submitted on 12 Sep 2023
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[–] Angius@lemmy.world 5 points 1 year ago

They haven't been profitable for, like, past half a decade or so. Each year brings bigger and bigger losses.

Seeing how the CEO sold 50k shares over the last year, and another 2k not long ago, I can see it being the last hail mary to extract as much money as possible and sell the company to Microsoft/Apple/Facebook/Whoever is willing to buy