They seem like in a "growth phase" and they went from like 1400 employees in 2021 to around 6k up until start of layoffs, and the amount of users + amount of transactions has dipped.
Yeah honestly, I feel like it has been handled the best with the public perception, and the way the twitter fiasco has been handled. However, I really feel the CPO (Chief Product Officer) really needs to get through some more concrete expectations and roadmaps. With the amount he's being paid his general perception around the company doesn't seem to be too hot.
Yeah I actually read their shareholders letter, it seems that their Net loss is ~400mil. Which to be fair doesn't seem to be alarming since they were still in their hyper growth phase in Q1. I'd assume their revenue will go down from 1bil to like 650mil at the worst, and their general costs will probably go down too, to around 1bil maybe a bit less too but who knows.