David Rosenthal: belief

Transcript context

…Yeah. But to flash forward to some number from the S1 listeners. Today, there are up to 250 million users globally but in the US here it’s 82 million. If you go and you look three years ago in Q1 of 2016, that was 65 million users in the US. When you look at their very nice user growth, albeit not monetization growth internationally, and compare it to the United States, international looks like, “Oh great. A high-growth company.” In the US it looks like, “Okay, it’s been pretty flat for a while.” When they did that big fund raise, the vision, like we were saying, was this is going to be the next Facebook. I think what happens over the next couple of years is the market realizes this is going to be a great company but has a very specific target market that is not every person in the world. A very specific target market and a very specific time and place for use rather than ‘all day, everyday’ like Facebook.…

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