ASAN growth has stalled, why?
$Asana, Inc.(ASAN)$ ASAN is so confusing to me. The founder runs the company, is the biggest shareholder, AND is buying back shares.
Yet, he is spending ~30% of revenue on stock-based compensation and can't seem to cut costs enough to be FCF+.
Now, growth has stalled...
Not exactly what you want to see from a SaaS company.
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https://twitter.com/TravisHoium/status/1732424997522805083
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