Humane is reportedly trying to sell itself for $1 billion after receiving just 10,000 orders for its confuddling, expensive and ultimately pretty useless AI Pin. The device was savaged by reviewers.
So, if we do some sloppy rounding and say that the subscriptions make them 3 million a year . . . it’ll only take a bit more than 330 years for anyone buying Humane at the asking price to break even. My cat could figure out that wasn’t a good buy. (Of course, he’d prefer to invest in a tuna cannery . . .)
ask for 1B valuation with only ~7M in sales + ~240k/mo subscription revenue… hmmmm gonna be a no for me Dogg
The entire company was a pump and dump scheme. They’re gonna continue the pump until dump or bankruptcy.
Extremely expected for a company that used to be all on in NFTsThat’s Rabbit not Humane AI. These two clowns came from Apple and started Humane
Don’t forget about the dangerous batteries and looming recall (due to court action I’m sure)! They’ll soon have ZERO customers, in a way.
So, if we do some sloppy rounding and say that the subscriptions make them 3 million a year . . . it’ll only take a bit more than 330 years for anyone buying Humane at the asking price to break even. My cat could figure out that wasn’t a good buy. (Of course, he’d prefer to invest in a tuna cannery . . .)
I’d follow TUNA tips for more hot cat endorsed stock calls