If you haven't seen it please go check out the latest blog by (Elizabeth Powell) about the financial situation at Steemit Inc. HERE.
Elizabeth Powell is the Managing Director of Steemit.
I remember 6 months ago when the news broke of the layoffs at Steemit Inc. how crushed I was about it and it was probably the only time in my 3 years here that I was less bullish on Steem that normally.
Man, how things can turn around!
Check out this chart she shared with us.
Fantastic!
There is revenue coming in and the biggest costs (infrastructure of the blockchain) has come down a lot!
I had a business for 10 years, and revenue streams are great and in this case especially when they come from outside of Steem! I hope they will find more!
There is even talk now about reducing or even stopping the programmatic selling of STEEM in the future.
When that happens my every two weeks Powerup statistic posts here are going to look a whole lot better!
I can't wait for that to happen!
Things are starting to look up!
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