VisualMod t1_iyda30w wrote on November 30, 2022 at 3:31 PM

#809,665

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VisualMod t1_iyda3w8 wrote on November 30, 2022 at 3:31 PM

#809,677

>There are a few reasons why I believe GRND is not a buy right now. Firstly, the company is highly dependent on its user base and if that were to decrease significantly, it would have a major impact on revenue. Secondly, while 150 million in revenue is impressive, it's important to remember that this figure includes both users who pay for the app and those who use the free version - so it's possible that actual profit margins are much lower than we think. Finally, given the current state of the economy, people may be less likely to spend money on non-essential items like luxury travel apps - meaning GRND could see a dip in sales even if their user numbers stay steady.

chosenpplsuperior t1_iydap7r wrote on November 30, 2022 at 3:35 PM

#809,855

It’s gay

Windermere4 OP t1_iydarzo wrote on November 30, 2022 at 3:36 PM

#809,877

Replying to VisualMod (#809,677)

Thanks appreciate it, yeah those concerns I’m tracking and don’t seem like high risks to me. Margin seems great. I don’t see users leaving. And I think it would do fine in a recession and actually used more as opposed to expensive dates. Thank you though wanted to make sure I’m not missing something!