Viewing a response to: @jpbliberty/re-informationwar-q6oog5
Has that divestment been happening since 2017?
| author | joeyarnoldvn |
|---|---|
| permlink | q6oq9b |
| category | steem |
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Monthly programmatic selling has been happening for a while. But they were able to stop recently because of ad revenue.
| author | tamiil |
|---|---|
| permlink | re-joeyarnoldvn-q6oqv0 |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steempeak/2020.03.1"} |
| created | 2020-03-04 20:13:48 |
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They didn't stop because of ad revenue per say. They took a month off as they had a nice stock pile of cash reserves is closer to reality. Most recently, the ad revenue was stated to be accounting for roughly 20% of their monthly expenses, which means that steemit,inc was still UNDERFUNDED by 80% without selling steem...
| author | jrcornel |
|---|---|
| permlink | q6ordt |
| category | steem |
| json_metadata | {"app":"steemit/0.2"} |
| created | 2020-03-04 20:25:03 |
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You said underfunded. Are you saying Steemit Inc was losing money monthly? So, I guess that is true based on what they've been saying the past year or longer. So, then they sold their company to Tron who then inherits what could become potential debt, potential bankruptcy, right? I'm ok with ad revenue by the way.
| author | joeyarnoldvn |
|---|---|
| permlink | q6pszn |
| category | steem |
| json_metadata | {"app":"steemit/0.2"} |
| created | 2020-03-05 09:57:24 |
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