The majority of their expenditures are salary and rent. They’ve hired on a shit ton of investors ‘friends’ as upper MGMT and pay them loads to do shit work.
The API price is calculated by what they expect to pull in from ad revenue, which is insanely overinflated to make the bottom line look good for IPO.
Give 'em a couple months, maybe a quarter. When ad-rev is crap, they’ll lay off another load and send spez packing.
Playing the devil’s advocate here… They also (badly) host videos so maybe that’s something… But for that pricing, they are just greedy fucks.
The majority of their expenditures are salary and rent. They’ve hired on a shit ton of investors ‘friends’ as upper MGMT and pay them loads to do shit work.
The API price is calculated by what they expect to pull in from ad revenue, which is insanely overinflated to make the bottom line look good for IPO.
Give 'em a couple months, maybe a quarter. When ad-rev is crap, they’ll lay off another load and send spez packing.