this post was submitted on 07 Jun 2024
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510
Humane is said to be seeking a $1 billion buyout after only 10,000 orders of its terrible AI Pin (www.engadget.com)
submitted 6 months ago by [email protected] to c/[email protected]
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[–] [email protected] 79 points 6 months ago* (last edited 6 months ago) (3 children)

ask for 1B valuation with only ~7M in sales + ~240k/mo subscription revenue… hmmmm gonna be a no for me Dogg

[–] [email protected] 62 points 6 months ago* (last edited 6 months ago) (1 children)

The entire company was a pump and dump scheme. They're gonna continue the pump until dump or bankruptcy.

[–] [email protected] 1 points 6 months ago* (last edited 6 months ago) (1 children)

~~Extremely expected for a company that used to be all on in NFTs~~

[–] [email protected] 19 points 6 months ago

That's Rabbit not Humane AI. These two clowns came from Apple and started Humane

[–] [email protected] 13 points 6 months ago

Don't forget about the dangerous batteries and looming recall (due to court action I'm sure)! They'll soon have ZERO customers, in a way.

[–] [email protected] 12 points 6 months ago (1 children)

So, if we do some sloppy rounding and say that the subscriptions make them 3 million a year . . . it'll only take a bit more than 330 years for anyone buying Humane at the asking price to break even. My cat could figure out that wasn't a good buy. (Of course, he'd prefer to invest in a tuna cannery . . .)

[–] [email protected] 1 points 6 months ago* (last edited 6 months ago)

I’d follow TUNA tips for more hot cat calls