Lol does all his simps really think that he can push put products that are on the cutting edge that he started working on barely when chatgpt came out and that everything he does will be absolute winners? He failed at paypal and has really only had one legitimate success in tesla. A company whose valuation includes moonshot of a bunch of things that has yet to happen. Some people really love their heroes too hard.
Musk's Grok-1.5 AI Chatbot to Be Available Next Week
Talking about the company purely via macroeconomic factors is kinda lame tbh. Then using PE for a company that has just reported profitability is also extremely shallow. How the heck do writers get away with this crap
Drama aside, their core product is still a duopoly with Epic. Now that the scummy CEO is gone, the thesis is transitioning back to what it was. Worst case they get acquired, dont see much more downside with unity.
Down another 50%! Seriously though, they went from growth-mode to cost-cutting-mode and switched back to growth-mode in ONE quarter. Must be chaotic af inside the company. Gaming is dying too rapidly for the rest of the company's revenue channels to catch up. They're getting owned by MELI in latin america and are losing market share to a revitalizes lazada in SEA. Cutting costs were the easiest part of the plan, re-adjusting to growth in this environment is the hardest. The path forward is not clear at all, hence the stock price. Personally, not convinced they have found a clear route to success, so i'll be avoiding SE for other more obvious opportunities.