Not bizarre at all. Instagram accounts for 54% of followers with Twitter accounting for 25% of total follower numbers. Majority of followers wont purchase any product but it's all about engagement and positive impressions that hopefully will lead to sales. They are building a brand and brands aren't built overnight. btw they missed guidance (ad revenue was expected to be a couple hundred thousand more) but share price is going up. The market is probably expecting acquisition and/or continued growth in the near future. Q3 I assume is a weak quarter coming out of Christmas holidays. It should be noted commentary is very positive. If they keep refining their product mix and engagement DMC sales will follow.
Not bizarre at all. Instagram accounts for 54% of followers with...
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