APX 2.27% 67.5¢ appen limited

hi i don't think that's relevant. apx links its crowd workers to...

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    hi i don't think that's relevant. apx links its crowd workers to the mega cap techs' own platforms (for global services), the visit of appen.com is a different thing. i don't have access to the platforms' traffic data, if anyone here has it please share it thanks.

    the main worrying thing for apx is that they confirmed they are losing the higher margin big projects in their latest update. some fundies have warned of this late last year, and the 2 apx employees here have warned of this weeks before the latest update. this is exactly what macquarie said in feb 2021 when they suddenly downgraded apx to $19, that mega cap is splitting up the big projects and handing them to apx's competitors, for lower margins. their business outside mega cap tech is losing money, so with the loss of their high margin big mature projects i don't know when they'll even return to profitability. the bearish case for apx is competitors with better tech and efficiency price them out, and they go the way of isentia. the data annotation industry is a race to the bottom.
 
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