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18 hours ago$100 million Series B led by Bain Capital Crypto
The article paints some glowing picture of success and excellence from this move, as if VC doesn’t expect some huge return on investment from a service which hasn’t made a dime. “They’ll make money on premium subscriptions and business services”…. Right, ok.
“We’re rolling out tasteful, relevant, safe ads” in 5…4…3…
Even IF it works, it doesn’t mean shit if they can’t manufacture at scale.