Post #4453456
2026-08-01 07:06 UTC
If anything this shows how totally fucked equity markets are.
Predicted $732MM revenue, reported $805MM (10% higher than projected)
Expected 54MM DAU, got 53.2MM (1.5% lower than projected)
Expected daily users growth of 130.07MM, actual growth 130.3MM (0.2% higher than projected)
So they’re making way more money than expected, but they haven’t sold out their users fast enough so dump the stock?
Replies (2)
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@kreskin@lemmy.world 2026-08-01 07:48
53.2 million daily active users, which is down from 53.5 last quarter. US DAU is shrinking.
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@IzzyJ@lemmy.world 2026-08-01 09:52
What it is is proof stocks should not be sold to investors. Should be owned by employees. Coops ftw