So basically a third of their rev is financed. evenue if you completely discouted all that revenue then it is still a fantastic startup.
what a g up. big should be gunning for the AFR and this defamatory journalism. it has caused significant financial damage and so far there has been ZERO evidence to support their 'research'
no wonder no other reputable news source wants to even touch it.
I was also just reading an article on AFR about Xero handing out shares to its employees instead of wages.. not bonuses... wages. the AFR described it as "arithmetic gymnastics". so it is fine for XRO to do it to make their EBITDA look shiny but if a startup media player does it then the AFR is all over it. gimme a break.
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