/biz/ - Business & Finance

For your consideration

>SoundHound: A Tale of Repeated Failures and a Desperate Bid to Cash in on AI Hype.

>NVIDIA Investment Misunderstanding: Media outlets inaccurately hyped NVIDIA's holding of 1,730,883 SoundHound shares as new, despite it being an investment from 2017.

>CEO's Media Maneuvering: SoundHound's CEO, Keyvan Mohajer, exploited the hype, dodging questions about the company's acquisition prospects and NVDA stake, misleading investors with insinuations of potential deals.

>Company History of Failures: SoundHound has tried multiple businesses and failed each time, incinerating over $500m of investors money.

>SoundHound Music Discovery App: A subpar Shazam copycat with far less users.

>Melodis Voice Dialer & Hound: Examples of SoundHound's products that failed due to poor foresight and strategic planning, getting overshadowed by standard features in smartphones and larger platforms.

>Financial Struggles:

>SoundHound's revenue growth is far below initial projections, with a significant gap between expectations and reality.

>The company rapidly burns through cash.

>SoundHound's valuation is disproportionately high, hinting at an unrealistic market expectation fueled by AI hype.

>Insider Transactions: Insiders notably the CEO himself have been selling shares.

>Dilution Concerns: Repeated financing rounds and stock offerings suggest a pattern of diluting shareholder value to keep the company afloat, raising questions about SoundHound's long-term viability.

>Speculative AI Mania: SoundHound appears to be leveraging current AI excitement to attract investment and attention, despite a lack of substantial growth or success in its core business areas.

>>56033121
Tbill. asking why is just dumb

I thought about slurping some UNG the past couple days, and it's only dumped even further. For once my indecision paid off.

Be honest you bought something ?

>>55515983
+.93%. Good enough I suppose.

>>54911980
poorfag alert

Elon's gonna have to sell some more shares to build another rocket. Buy puts on TWTR and TSLA.

No I don t gamble with money. I have 0$ on the stock market. your crypto is fake and worth nothing. I m saving to buy a house.

is it just my friend or is it normal US mentality?

>>53667830