C3 AI?
Over $100 IPO now $20 Seems to be a gradual decline, perhaps not market What's wrong with the company?
Reviews I read suggested that management isn’t great. It’s a cult of personality around the founder and he was very insistent on everyone working from the office in the middle of the pandemic. I think this hurt their recruitment and retention efforts.
In the office rn. What’s good bois?
They call themselves an AI company but their management doesn’t have any experience in AI. Says a lot.
Attracts dumb investors
Not many customers. Baker Hughes alone contributed 40% of their revenue and even that contract is going to expire 2025. Now add to that oil and gas is a dying industry. More salt to rub the wound is the fact that their losses as percentage change is growing and not narrowing. Why would someone want to buy from AI when they can go with MSFT/AWS/Google etc? They ain't building that good a shit either .
For $5 MSFT pays too good shit. Their scale gives them a gigantic advantage. I believe it's the same with all other biggies too. I'm guessing ❄️ will suck big time soon as well. Tech is hard to innovate but too easy to copy.
It’s a consulting company that didn’t need to go public
Lmao why do they put AI in the name. I hate this shit Freaking MBAs