SeaChange International Inc (SEAC)

[jm19094]

"Triller has never been profitable, and had a net loss of more than $700 million in 2021"

"Revenue from Triller's B2B units far exceeded its earnings from its consumer-facing businesses last year. Of the company's $62.8 million in revenues in 2021, around 97.6% came from its B2B businesses, according to Seachange's filing."

- takeaway: Triller's B2C division includes the Trillerapp, Verzuz, and their boxing ventures. At 2.4% of revenue, those business brought in a laughable $1.5 million in revenue.

"The company plans to report its own engagement metric that it calls "consumer interactions."

Consumer interactions is a broader metric than active users. It encompasses user engagement on Triller's owned-and-operated platforms as well as third-party apps like Facebook and Twitter, de Silva said."

- takeaway: The company is trying to claim user interactions on other platforms such as Facebook and Instagram count as their own user base. haha

"Last year, Triller reported a $769.7 million net loss. About $496 million of that loss was tied to stock compensation expenses, according to Seachange's filing."

- takeaway: They've paid barely a penny for any of the companies they've "acquired". Just handing out huge amounts of stock options and offering the owners of those companies an in on their scam.

https://www.businessinsider.com/triller-plans-public-reverse-merger-key-takeaways-revenue-losses-users-2022-3

- takeaway: Triller has scam written all over it.