I see FFS is still trying to offer his never ending wisdom. That guy is waste of space. He wouldn't be able to run a hotdog stand outside a nightclub let alone analyse a business.
Losing revenue is never good. But when it just slowly bleeds the company and it's low margin on the brink of loss making revenue when all costs are associated not just crowd costs. Not all revenue is good revenue.. for sure when Digital Ad spend was flying between 2016-2021 the margins were great. But thats no longer the case as Digital Ad spend has fallen off the proverbial cliff from Meta and Google its a mere refresh of existing logos not new logos.
Besides with Reka on board former scientists and techleads from Google Deepmind will be competing for the same business in future.
Reka and Appen can just concentrate on offering great A.I products to Enterprise. Google is now a Multi-Modal competitor. Simple.
Ann: Customer update and FY23 preliminary results, page-236
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