this post was submitted on 31 Jul 2026
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[–] SirEDCaLot@lemmy.today 55 points 4 weeks ago (14 children)

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?

[–] IzzyJ@lemmy.world 14 points 4 weeks ago (8 children)

What it is is proof stocks should not be sold to investors. Should be owned by employees. Coops ftw

[–] UltraGiGaGigantic@lemmy.ml 2 points 3 weeks ago

Ever check out Mondragon before?

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