May. 24 at 5:54 PM
$FVRR CEO in recent internal employee memo: “AI is coming for your jobs. Heck, it’s coming for my job too. This is a wake-up call”
So, they are aware of their rather gloomy outlook. HOWEVER, they are flush with cash and have minimal debt. Put a bunch of smart, desperate execs in a room, give them a long cash runway and chances are new profitiable products will emerge. The new story may be a different one from here on out, but it could still be a lucrative one.
Dead companies are the ones with dolts and crooks at the top and debt ratios that would sink the titanic. This, is not that story.