Fast.co layoffs?
https://www.businessinsider.com/leaked-screenshots-audio-stripe-fast-layoffs-2022-3 Can anyone at Fast here confirm? I had interviewed with them but they then had a hiring freeze O_O UPDATE: Company is shutting down: https://twitter.com/fast/status/1511399486836334592
Leaked screenshots and audio reveal the implosion inside Stripe-backed Fast — including the CEO’s plans to reduce burn rate, and employee’s calls for transparency in leadership
Insider
Insider
Confluent Ksq Apr 5, 2022
Company shut down.... https://twitter.com/fast/status/1511399486836334592
SHIFT JohnLee Apr 5, 2022
Wow, glad I didn't join!
Well their ARR at end of ‘21 was $1200 per employee lol
Why are we acting like we are new to startup world? Investors invest in startups for their future potential not their current revenue. Instagram was snagged by FB for $1B when it had NO revenue. There are so many decade old multi billion dollar valued startups which are just money sink and have yet to make any profit and most likely never will.
Fast is not comparable in any way to consumer socials of 2012. Fast AF, Inc. (yes this is their corporate name, ROFLLLLLL) is moving fast AF toward the grave, and the world is better for it.