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Great release!
I think more than just “short term” view the quality of this press release and talent speaks to medium and long term growth opportunity.
This is impressive, regardless of which side you sit on.
Nancy Heinen interview talking about working with Steve Jobs.
$VERB’s Technology board member and former Apple General Councel, SVP and Secretary (hand picked by Steve Jobs) talking about her past success (more is coming with VERB) @VerbTech_Co @Apple @RoryCutaia @Microsoft @Cisco #Livestream #floridapanthers @FlaPanthersBlog pic.twitter.com/RFRxlu1A2K
— CUIN2 (@CUIN2forreal) February 8, 2022
Understood
I’m not going to argue on the motives for revealing or not revealing on specific details of client contracts. I think it’s better to not personally.
Having said that, I’m certain we’ll see a contract value attached to one at some pojnt. Examples “VERB Technology Company announces $30,000,000 2 year deal with NFL” or “VERB Technology Company signs royalty agreement with Microsoft Teams worth an estimated $75,000,000 over 3 years” or “VERB Technology Company inks a $100,000,000 4 year interactive video livestreaming content distribution deal with Appletv”
All my opinion.
I wouldn’t reveal details of a contract with a new client, in a new vertical that I am attempting to grow.
Never give away the playbook.
Why is so VERB special? Listen right here to our board member and former Apple General Counsel, SVP and Secretary Nancy Heinen, who was hand picked by Steve Jobs. They did something amazing together and she is bringing that vision to VERB.
$VERB’s Technology board member and former Apple General Councel, SVP and Secretary (hand picked by Steve Jobs) talking about her past success (more is coming with VERB) @VerbTech_Co @Apple @RoryCutaia @Microsoft @Cisco #Livestream #floridapanthers @FlaPanthersBlog pic.twitter.com/RFRxlu1A2K
— CUIN2 (@CUIN2forreal) February 8, 2022
From VERB’s Twitter just now.
An entirely new way to buy, sell, and connect, featuring state-of-the-art proprietary technology and an unmatched social shopping experience. Learn more about what sets MARKET apart and why it’s predicted to change the e-commerce landscape. https://t.co/9f8shq66qI
— VERB (@ShopMARKET_Live) February 8, 2022
Many cannot grasp all the work and effort that has gone on behind the scenes these last 3 years.
I believe Rory is right $1+Billion. Possibly as high as (beyond what most can imagine)!
Could be or maybe they are just adding more to the lineup?
My guess is they could add several thousand more and still have room.
Will be unique and innovative - and eventually we shall see it!
Agree.
Thinking that “Market” will be extraordinary.
Susa - There’s a lot of chatter happening about VERB everywhere and many believe something is about to happen soon. I have no idea myself, but certainly look forward to what lays in store.
The opportunities abound and I’m not sure which verticals will start first, but Indi know we are very undervalued compared to our peers. All my opinion and do your own due diligence.
Here’s one example
https://stocktwits.com/CUIN2/message/433434702
Like VERB, Workiva believes that ESG is the correct path for conscious investors.
Kevin O’Leary (Mr. Wonderful) from Sharktank will be discussing ESG, just like Rory Cutaia from 2 Minute Drill did several months ago https://stocktwits.com/CUIN2/message/433795194
That would easily explain the delays that Rory and management have had to cover and try and explain, as NDA’s non disclosure agreements would be in place. Plus if dealing with Apple, I’m certain Nancy Heinen has been helping advise.
It would be a pretty massive surprise if it came true. All speculation at this juncture.
Do your own research.
Susa - It seems little by little things are falling in place.
Investors should do their own research before investing in any security.
This “could” be a possibility too:
https://stocktwits.com/CUIN2/message/433488305
No.
Nobody knows the rationale that’s why we are all guessing.
Another guess could be “Kim Kardashians makeup company can’t produce 45,000,000 eyeliners until February 20th, so we are waiting”
Another guess could be “Martha Stewart asked that we postpone until March 15th because she has had COVID”
Yet another guess could be “Apple wants us to roll out Apples Market virtual store at the same time as the release of next generation technology” that would be eat because Nancy Heinen, former Apple General Council, SVP & Secretary was handpicked by Steve Jobs and helped create the Apple Store. She is now a board member of VERB Technology.
These are all guess’s.
I do agree that “running out of product” using VERB Technology would only be a tremendous benefit and enhances our ability to market that the product works so well that people are selling 100% of their inventory.
I believe the real message is that the influencers/brands that we are partnering with are not ready.
An influencer would get a piece of the brand he/she is selling. If the manufacturer says to the influencer we’ll participate in the livestream, but can only guarantee 50,000 units, the influencer may say let’s wait until you can guarantee 500,000 units. The influencer wants to maximize their goodwill in exchange for $$$.
That’s the only rationale I can come up with other than the costs of initiating a live stream in the way Rory envisions are just too high right now and we do not have enough $$ in the bank. If this is the reason then we just have to wait for news that increases the share price.
TSLA probably not, the others yes.
I’ve provided plenty of examples through the years comparing VERB to its peers for valuation purposes.
Here’s another example of Whatnot who has far less than VERB in terms of business clients, technology, verticals and opportunity, yet are valued at a 1.5 Billion market cap! You can dig into a bit yourself and draw your own conclusions.
The live shopping platform Whatnot has raised $150 million in a Series C funding round, its third round this year and the one that pushes it into unicorn status with a $1.5 billion valuation.
https://www.pymnts.com/news/investment-tracker/2021/live-shopping-platform-whatnot-funding/
https://www.globallegalchronicle.com/whatnots-50-million-series-b-financing/
Thanks Susa. Appreciate your comments.
To your point, all posts here are appreciated (even the ones we might not agree with).
I believe, based on my own significant research, my professional experience and having met Rory on several occasions, that VERB will do something very different in a few different verticals and will create new value.
Everyone will need to do their own individual research and should rely on posts from message boards.
My believe is today VERB Technology is massively undervalued compared to its peers, and just based on what we already know (not taking into account things we don’t know).
Again, this is only my believe and others here obviously disagree, which is good as kites rise against the wind not with it.
5 Failures of Jeff Bezos and How He Overcame Them
by Ian | Jun 10, 2021 |
5 Failures of Jeff Bezos and How He Overcame Them
We all know Jeff Bezos as the genius behind a global e-commerce platform. But, much like every other multinational corporation or small business startup, there were hurdles that Bezos had to overcome to become a household name. While many may look to Elon Musk, Mark Zuckerberg, and others for updates in the tech industry, Bezos has also been a visionary when it comes to leveraging existing assets, taking risks, and committing to a culture of experimentation and invention. Through his risk-taking, he has encountered failure, but he has used his problem-solving ability to his advantage. As the second-richest person in the world, Bezos has a net worth of approximately $186 billion as of January 10, 2021, according to the Bloomberg Billionaires Index. Additionally, Amazon’s market capitalization was $1.58 trillion, as of January 11, 2021. It’s obvious that Bezos has done many things right, even despite his mistakes. The key to survival in the business world is the ability to rise from failure and even use your failure as a launching pad for your next success. Let us look at some failures that Bezos has encountered and how he has overcome them.
1) Amazon’ Fire Phone’
In 2010, Amazon was growing more concerned with their loss of revenue on the mobile app stores. To fix this financial cut, they decided to try and directly connect mobile users to their product. That idea became a reality when they launched the Amazon Fire Phone in 2014. However, the product proved to be a flop due to superficial goals and improper planning. Rather than looking at the big picture that could have made it successful, the purpose of the creation was to recoup lost revenues. Because of its narrow perspective, the Amazon team could not see the real value of a smartphone. As a result, Amazon admitted defeat, and the product was discontinued just three months after launch. The company lost $170 million in the process of creating the Fire Phone.
How Bezos overcame it
Whenever Bezos expresses his thoughts and feelings about his company, he is adamant that his business strategy is to experiment and take risks frequently. He believes that when companies become complacent, they do not continue to experiment or embrace failure. They are eventually put in a desperate situation where they need to do something drastic to save their corporate existence. For the Fire Phone specifically, Bezos has openly discussed the reasoning for its failure. He admits that Amazon should have taken more time to analyze everything about the product and its audience. In an interview with Business Insider, he states that one of his many jobs is to encourage people to be bold, which can be incredibly difficult. He looks at the Fire Phone as an experiment on a list of ideas and products that was a failure so that another could be successful. He continues to say that Amazon’s device portfolio may be extensive, but the successful ones have been the few big successes compensated for the many that didn’t work. The failure of the Fire Phone led to the success of the Amazon Echo Smart speaker and Alexa.
What companies can learn
Long-term planning and proper research are vital when it comes to creating a new product. Companies need to understand their target market’s needs and wants to achieve their sales goals. They also need to have a long-term plan for their products or services to fit their vision and continually help the company earn income.
2) Books getting deleted
In 2009, the Internet went nuts when Amazon remotely deleted digital editions of two books from the Kindle devices of readers who had bought them. They got removed because the company had discovered that it did not have the proper rights to them. Even when Amazon had to figure out a plan of action, they knew that the deletions were a bad idea. Nevertheless, they went ahead and removed the illegal copies from their systems and customers’ devices and refunded customers. This seems like a minor issue that any company would have to face. Nevertheless, when consumers look to the Internet to voice concerns and make reviews of products and services, it caused quite a stir. Customers were commenting on web forums, creating reviews. They were also looking at Amazon’s published terms of service agreement for the Kindle to find contradicting statements that did not give the company the right to delete purchases after they had been made. They were frustrated that while Amazon and its retailers cannot retract a physical purchase, they seem to maintain a “unique tether” to its digital content.
How Bezos overcame it
Bezos must be the king of crisis management when the books’ removal sparked outrage; he was quick to admit the company’s mistake. He said that their solution was rash and out of line with the company’s principles. During a July 2009 earnings call, he stated that that decision was entirely “self-inflicted, and we deserve the criticism we’ve received.” He also explained that they would use this experience as a lesson in the future to make better decisions.
What companies can learn
In this case, following your company’s already existing terms and conditions should be the takeaway. Additionally, you need to be ready with a crisis management plan if something happens that is out of your control. In the digital age, going radio silent during a crisis can hurt a business significantly more than being upfront about the issue.
3) Feud with Hachette Book Group
Continuing down the book path, Amazon got into a very public feud with one of its publishers after a contract dispute. They wanted to negotiate the terms of Hatchette’s contract after it had expired, with the primary condition modified. When the conditions were not met, Amazon decided to extend Hatchette’s contract regardless of its current terms but made it impossible for them to create digital sales. At the time, Amazon’s tactic was to block pre-orders for many of Hatchette’s books and slow down products’ delivery time because of the print inventory available. As a result, Hatchette’s e-book sales declined, but they were still adamant about having their freedoms regarding their products. Many authors backed up their claim denouncing Amazon for purposely harming Hatchette’s book sales and harming authors’ livelihood. They went as far as calling on the Department of Justice to investigate Amazon for illegal monopoly tactics. Ultimately, Hatchette decided to settle the lawsuit because they knew that they could not afford to defend themselves in court. It did improve Amazon’s book sales because the outcome of the situation boosted the company’s ability to keep prices low. However, Hatchette would not go down without a fight. Amazon tried to have minimum casualties when they wrote a letter to Hatchette authors suggesting that they should be not be put in the middle of the dispute and Amazon would give them 100% of e-book profits until the situation was resolved. Hatchette disagreed, calling the terms “suicide.” This is because they wanted to have the ability to control the price. Moreover, the only way to respect authors and guarantee that literature will continue being published is by setting prices depending on the author’s merit, release date, etc., not the $9.99 that Amazon wanted to charge for all e-books.
How he overcame it
Rather than continuing to turn the disagreement into a further feud, Bezos discussed that his company’s whole mission is to negotiate hard on behalf of customers. That had been the goal from day one, and he will continue to make it the case. He also states that books are not just competing against other books; they are competing with other leisure activities like playing video games, watching TV, or scrolling through social media. The interview with Business Insider says that in Bezos’s opinion, to create a healthy culture for long-form reading, books need to be more accessible. The thought drove the reasoning behind the pricing of e-books that books can be costly. In a society where they are competing against apps and games like Candy Crush, Amazon wanted to create a way to make textbooks more affordable and accessible.
What companies can learn
Stick with the business plan. For Bezos, it was clear that his plan from the beginning was to think of the consumer. He wanted to create a platform that made books easily accessible in a competitive market. Regardless of controversy or issues, companies need to stick to their original mission and vision. This is because it helps them build trust among their existing customers and target audience.
4) Kozmo.com & Pets.com
When Amazon decided to invest its money into Kozmo.com and Pets.com, it was part of its strategy to diversify its products to draw in new customers to “the place where customers can find, discover, and buy anything online.” Partnerships were mutually beneficial for Amazon and the other company because it was a new source of cheap revenue for e-commerce giant Amazon and a way for the company to get exposure for their products. In 1999, Amazon bought a 50 percent stake in Pets.com and contributed to a $50 million round of financing in the pet supply company, and he went on to further invest at least $60 million in Kozmo.com. Even so, the online retailer lasted only a few years before closing.
How he overcame it
“I’ve made billions of dollars off failures at Amazon.com. Billions of dollars in failures. You might remember Pets.com or Kozmo.com. It was like getting a root canal with no anesthesia. None of those things are fun. But they also don’t matter” – Jeff Bezos. Bezos continues to be adamant about his mission to continue taking risks. He looks at failures as lessons for the future. He firmly believes that to empower measurable invention and creativity, and there needs to be time for curiosity and experimentation.
What companies can learn
Companies that can invest in partnerships should take advantage of that opportunity because this is a way to reach a different audience. As Bezos says, he has made billions off of failures and experimentation; there is no harm in it. If a particular venture is not successful, move on and learn from past mistakes.
5) Antitrust issues
When the world got turned upside down last year, Jeff Bezos and three other tech leaders testified on antitrust issues on July 29th, 2020. Bezos fell under fire when third-party sellers made it clear that they were not happy about how Bezos spoke about them during the hearing. While he stressed that Amazon’s retail success relies on third-party sellers, Bezos also stated that the sellers had succeeded because of Amazon’s tools. They were upset because it seemed that his statement lacked sincerity. While this may seem like a menial thing to fight about, this issue had been brewing for quite some time. One instance of this is when one seller got his account suspended. There was a lack of communication, which hurt his sales by about 90% in just one day. The seller displayed his disdain by openly saying. “There are certain things where I think, ‘How does a trillion-dollar company not solve certain parts of this puzzle? Many legitimate businesses rely on them.” – Scott Needham, host of “The Smartest Amazon Seller” podcast
How he overcame it
Yes, this happened quite recently and may not seem like big news given the current situation. In reality, this incident hurt many businesses when e-commerce has skyrocketed. During the hearing, he addressed the concerns that representatives of Congress had over his company’s ability to access data that exceeded the sellers’ capabilities on his platform that are also his competitor, which gives him an unfair advantage. He honestly states that while there is a policy prohibiting the use of seller data, he could not guarantee that the policy had never been violated. Many representatives voiced similar concerns throughout the questioning and could not get Bezos to admit to anything incriminating. Even though they could not enforce existing antitrust laws, Bezos may have given them a reason to rewrite these laws.
What companies can learn
Be honest and open about the business. Whether it is to journalists or media outlets, or the general public, companies need to be honest about what is going on within the industry. While skeptics may question his tactics and business moves, Bezos has been open about his business philosophy and decisions. As mentioned previously, it establishes trust. Furthermore, being honest will most likely retain the attention of existing customers and open the doors to new customers. As you can see, Bezos encountered several failures on the path to success. Rather than allow these obstacles to beat him down, he learned from them and became a better businessman. In fact, today, he’s one of the best entrepreneurs of our time. Studying how Bezos approached his mistakes can be a source of inspiration for rising entrepreneurs.
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Failure comes with greatness.
“I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter into one of the most creative periods of my life,” — Steve Jobs
https://medium.com/illumination/how-steve-jobs-embraced-his-biggest-failure-6c2bf1b68fbe
Do your own due diligence when investing in any security and do not believe everything you read on a message board.
Having said that here’s a great article before Rory Cutaia sold his first telecom startup Telx, which became the de facto standard on the industry.
https://www.computeruser.com/telx/
Here’s some further articles when he sold Telx for 215,000,000 and when it resold.
https://www.datacenterknowledge.com/archives/2006/11/22/gi-partners-buys-telx-56-marietta
https://www.thestreet.com/markets/mergers-and-acquisitions/abry-and-berkshire-exit-telx-through-19b-sale-to-digital-realty-13217986
Anyone think Market will be as good as Rory’s first startup telecom disruptor Tex
$VERB read through this. I think it will be interactive with VERB’s tech this season.
http://pitch.dmeltzer.com/
You are correct.
He’s done more than you and I.
Rory Cutaia’s first startup. Take a peak and learn
True.
Thinking by summer myself.
All my opinion.
Yes.
At some point the market will improve and at some point VERB will release something exciting.
Both are true statements in my honest opinion.
It is a good source of information. Mostly lagging indicators, but nonetheless must be taken into account.
Leading indicators are what most investors are interested in these days. What is planned moving forward, what is the opportunity and strategy we are executing.
Quarterly earnings calls are even being challenged by both retail and institutional investors because they inform through the rear view window. Not effective if there’s a concrete wall in your front view window.
Thanks for sharing Jobynimble. It makes the VERB board better!
Good intel. Do your own research.
Rory Cutaia talking about 4th Q 2021 and news. pic.twitter.com/LFTtO5QrOz
— CUIN2 (@CUIN2forreal) February 3, 2022
#3 has been frustrating to investors that I know, mostly because of changing timelines. Not really sure what the delays are but we know the economy is in a state of disarray (supply chains pretty kinked up too)
Also, none of us are exactly sure of the impact a “trucker” strike will have here in the USA either, but it will surely exasperate the situation.
Based on my research I believe VERB is ready to catapult into another much higher market cap.
It’s been severely undervalued for far too long IMO. Do your own research.
https://finance.yahoo.com/news/verb-technology-vs-dropbox-saas-125140839.html