You are viewing a single comment's thread from:
RE: Steemit, Inc. Financial Update
Let's not give Ned too hard of a time. If it was easy to be a CEO, everyone would be doing it. Sometimes when you're in the middle of things, what seems obvious in hindsight or from the outside is difficult to see. Let's just be glad we've got someone here now who does see, and hope she can keep it going.
Posted using Partiko Android
Steemit Inc must have sold STEEM for such massive sums of fiat that any technical problems should've been overcome in a timely manner by simply hiring enough good people. The market cap of STEEM was billions of dollars a year and a half ago. I suspect Steemit Inc may have sold close to a hundred million dollars worth of STEEM during its existence. What kind of a software engineer can you hire for a million bucks a year? What about marketing professionals to counter all the FUD? When the bear market hit and the price collapsed, that was the day of reckoning.