First thoughts on this article was that it is a hit job for the shorters. But there are some positives. Guess we need to wait for reporting day on the 24th…
My gut feel is that Appen has pivoted away from Facebook last year out of necessity and the hard times will help diversify revenue. Future should be bright….
https://www.copyright link/technology/what-facebook-s-dismal-share-result-means-for-appen-20220206-p59u5d
Can’t paste the article but this was a key paragraph for me;
Appen CEO Mark Brayan believed it was too early to draw correlations between Facebook’s result and Appen. He said while there was potential it could give the company a boost, the company was also actively investing in diversifying its revenue streams.
Appen and the Nasdaq, page-76
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