I don't think any disruptive growth comes from Veritone alone, at least the Veritone as we know it, which really sucks from a public perspective.
Think many of layoffs in January were from aiWare division. Did all the hard work to get aiWare ready in 2023, don't need that many engineers working on it anymore. Coincides with the change in CS consulting agreement, no longer working on aiWare, now just at the CEO beckon call.
Maybe some type of merger. Trying to get the employee count right leading up to the merger. Would explain the reason for layoffs, would explain how they can arrive at disruptive growth. Would explain why CS consulting agreement changed to where he is no longer working on aiWare and now just responding to the CEO requests.
Would explain why they have not been hyping and don't care about the stock price. Would explain why they torpedo'd the stock yesterday. The stock was on a run and they didn't want it to get ahead of itself leading up to earnings when they announce the transaction. Just speculating.
But also explains why no hype through 2023. Spent 2023 trying to get aiWare commercially ready and ultimately arrive at a strategic transaction involving aiWare. Didn't want the stock to be caught up in AI market hype and price themselves out of the market. Keep the stock low, attract more potential tie ups.
Well, right now the stock is next to nothing. If aiWare and their other assets are worth anything, then there is no reason why they can't by now, arrive at a strategic transaction which places Veritone in a better financial position with better prospects going forward.
I just think we may see a strategic transaction involving Veritone. Think Ryan and Zemetra may be out. And CS is contracted to report to the new CEO.
Also, they have said Broadbean integration will be complete by early this year. Would assume more HR tech layoffs due to ongoing integration.
I don't know, but I expect fireworks in March. If business as usual, then doomed.
