A much smaller loss than Twitter!
But I wonder who's paying for it. As a political campaign that seems within normal American amounts of spending.
But I wonder who's paying for it. As a political campaign that seems within normal American amounts of spending.
Paxum Bank and ES Family Trust - both connected to Anton Postolnikov, Aleksandr Smirnov (Smirnov worked for the Russian government until 2017)
ARC Capital (Shanghai-based firm with China connections) helped too set up the SPAC.
Orginal investgors Karl Pfluger (Oryx Midstream) Patrick Walsh (CEO of Empire Holdings) Kenny Troutt (Texas telecoms billionaire) Roy Bailey, George Glass, Bob McNutt,
I get the impression that most people on the platform, the silent majority, are not fans. It's the Howard Stern effect. People who hated him tuned into his show more than any actual fans.
Of course these days he’s turned more or less into Imus.
It was a SPAC. Shock of all shocks the company is dodgy.
Can this meme die already? Uber turned $25b into a $107b company. Rides/Mobility are profitable.
> Rides/Mobility are profitable.
You can probably pick out a random subset of any company that is profitable. The sales team in nearly any company is profitable. The question is how the profitable part would do if disassociated from the all the loss making parts.
Probably pretty well considering it's profitable. Good thing one of Trump's favorite things is to go bankrupt in which you can indeed separate the loss making parts from the profitable parts. Although obviously not great for local labors when their invoices are to the loss making part.
They'll be left with a highly profitable business with no moat, no capital and no employees that work on profitable activities. The odds are really good that in this case that sort of thinking will fail the acid test. They'd be a taxi company without the licenses - that isn't worth a decade of billion dollar losses.
Shows current quarter profitability