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Re: downdraft post# 72328

Friday, 05/17/2024 6:04:29 PM

Friday, May 17, 2024 6:04:29 PM

Post# of 83865
That article comes up in a basic general search. The date of it updates every day.
Free for consumers to join. Explains incentives & giveaways to join.
Explains how sellers get paid.. Doesn't say what the "platform" gets.
Leaves you to guess.. No mention of platform charging to advertise, or for all the other services & goodies that can be done on the APP.. Are Sellers charged a fee to join, and is that how the APP company makes revenue?
If so, 50 million "users" or 1 billion in "sales volume" really wouldn't matter would it?
All in actual cost to acquire this shell was $160,000 and it evaporated in a matter of days..
Maybe never even paid at all? would be 1 explanation? previous management ran off with the cash register?
But then new owners wouldn't have allowed that?
With all the hype & speculation about revenues etc...
What the "platform" actually earns minus costs will be key.. and that you don't know yet.