investor conference call event convinced me to lighten my holdings. US expansion can be a cash gusling monster, the uncertainty in that investor debriefing that i felt was enough for me to reduce my exposure. hope it proves to be the correct decision and there is an opportunity to reenter at a bigger position at a reduced price when there is some level of certainty that the US entry will be a success. the fact they didnt share free user numbers in US?(appreciate personal users for aust market they purport represent only 10 per cent of their revenue), to me this was an important number to share nonetheless. paywall introductions are nice but you obviously need a growing user base to monetarise. hopefully they might share this info in due course or perhaps i may have missed this number.
NEA Price at posting:
54.5¢ Sentiment: None Disclosure: Held
