800,000 a month not being sold is a solid move from steem inc. Keep it up.
If the ad rev keeps up then we have to thank the content creators for making that happen by bringing those eyeballs into the website.
No content means no revenue other than selling steem. Which as we know is not helping.
If steem is truly valuable then why would the main company behind it be selling it?
It makes no sense to any investors.
This is a welcome sign that Steemit might finally be 'getting it'?
Yep exactly. Plus it is a huge drain on prices which destroys the confidence of investors. Not to mention equity financing (which is basically what it is) is the most expensive form of financing. Selling off their stake to make payroll is not sustainable or preferable.
Agreed, selling off their stake is sending the wrong signals to the markets.
It shows a lack of vision and is pretty dumb economics.
Content creators need more support from everyone right now.
Steem is cheap as chips but it can go lower. Then the only thing generating money will be the ads.
Stinc should take that huge stake and start curating creators like the rest of us are doing.
Lead by example!