Not sure why you are getting downvoted, there’s probably a world where that could happen.

That being said, the company is currently valued at 9.3B USD for revenue of 3.4m over 9 months and a loss of 49m. That’s an insane 2000x revenue multiple for a company with limited growth and an active user base generously estimated at only 5m.

The upper range of other social media companies is around 10x.

Edit: the reported revenue was for 9 months so I corrected the multiple from 2700x to “only” 2000x

Projections from McKinsey Research show demand for office space in 2030 ~13% lower than 2019, with some extreme examples like SF going down by as much as a fifth.

Knowledge economy firms are increasingly having to earn their employees commute and are doing so by turning their offices into hybrid places with WeWork like amenities and collaborative spaces (in its glory days).

All of this means tons of lower quality buildings will get dumped on the market as the overall price of office space goes down. We certainly need more conversion projects when feasible but pandemic trends also reduced demand for residential space inside urban cores, so I wonder if the demand for the converted old buildings will even be there.

This is a Theranos level of fake it till you make it: lie about where the product is used, who approves it and how well it works and hope the reality catches up quicker than clients.

It’s pretty clear the technology is not ready for this, and once again regulators and prosecutors won’t move a finger to prevent potential harm.

Thanks! It looks more like a Discourse forum than Reddit. I’ll reserve judgment for now but after so many companies took their own platform usage we need something like this more than ever.