Jul. 9 at 1:45 AM
$BIRD I’ve decided not to DCA/invest in this stock. After digging into the numbers, it’s concerning that the company is still posting losses of over
$60 million this year, with minimal progress on revenue growth. The recent capital raise seems less about scaling the business and more about plugging financial holes, which feels misleading considering how some media portray it.
I wish the best to those holding shares, but this isn’t a risk I’m willing to take. I’d rather put my money into something with clearer upside.
on a related note, I read an insightful article on FashionNews.com highlighting how affluent consumers are now prioritizing luxury experiences over luxury goods. On top of that, the company is in a pricing battle with Amazon, Nike, Others—one they’re unlikely to win—which raises further doubts about their long-term competitiveness.
