I like this part (note that all amounts are in thousands):
Total board fees expensed during the three months ended March 31, 2024 was $313.
Revenue for the quarter was $ 7,000. Board fees alone were $ 313,000. Cash burn was $ 2.2 million.
It should no longer be a mystery why no one is streaming on Market.live. It's a waste of time to do a show. Only the narcissists are left on the platform.
Let's say Market takes 20% of each product sale (gross merchandise value) as their commission. That means $ 35k of product sold over a 3 month period.
Now cometh "Market Mayhem" where the company says they will give away a Jeep if they hit their goal of $ 100k of product sold in a 24 hour period. If my commission rate is near correct then the company has a run-rate of $ 140,000 for an entire year. And their goal is $ 100k in one day? Mayhem indeed.
The only way they hit $ 100k of product sales in 24 hours is if Rory tries to save face by taking some of his nearly $ 1 million salary to goose up the sales numbers. His Las Vegas house is going to be floor to ceiling filled with useless crap purchased on TikTok Shop.
News 
Market Data 
Discover 
AI
