Veritone Inc (VERI)

[GBR]

Yeah they financially strapped Veritone, and what does Veritone do? They go out and spend 52M on Broadbean, an acquisition in which they were clearly in no position to make.

The logical response to the above is that Veritone was trying to quickly replace the lost revenues from Amazon. I don't believe it. That would definitely be shooting from the hip, and they were in no financial position to take on this Broadbean acquisition including all the integration and reorganization required, while still trying to manage their other verticals.

I agree that it is a stretch, and speculation, but when you have Zemetra back in August talking about GTM plans in first half of 2024, and now we are seeing through job postings and Linkedin profiles talking about GTM with AWS. Has me believing this has all been strategically planned since the Broadbean acquisition. jmo