Monday, September 12, 2022 5:48:05 PM
Basically the reason Pando is not meeting the earnout is because of Amazon. So maybe Amazon says, hey we want to do a deal. Veritone can either do a deal, or if they don't do a deal, then Amazon may or may not continue with Pando or bring consumption back up to normal.
So I'm using Amazon as an example because they are the main party that is impacting the 2022 earnout.
But I guess it could be another party.
Why so low key on the Pandoselect launch. It was supposed to be the "Future of Work" arriving, and then nothing. In fact it was supposed to be announced back in June. I just think there possibly has been some discussions going on behind the scenes. Veritone with partners was creating a new standard in HR AI recruiting. Why no announcements or any marketing at all with respect to this?
It's all speculation, but if Pando was not going to meet their minimum 2022 earnout, I highly doubt Veritone would throw them 11 million anyway.
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