>be $NXDR (ex-$KIND), hyperlocal social platform, once a $8 SPAC darling
>2018, Sarah Friar, ex-Square CFO, becomes CEO
>stock now $1.65, -80% since 2021 IPO, oof
>revenue up from $82M to $218M, but $609M net loss in 2023, wtf
>here's the /smg/ tinfoil: Friar was Jack Dorsey's secret saboteur
>Nextdoor poached Twitter execs like Michael Kiernan (CRO), pissing off Dorsey
>conspiracy time: Dorsey sends Friar, his Square loyalist, to wreck Nextdoor from the inside
>she pushes DEI and "kindness" crap from Square, alienates boomer userbase
platform becomes woke neighborhood watch, users ragequit, WAU stalls at ~41M
>Twitter execs bring ad-heavy, over-moderated vibes, kills Nextdoor's cozy local feel
Morgan Stanley slaps $1.10 PT, calls it a dumpster fire
>2024, Friar bails to OpenAI, founder Nirav Tolia returns to save the ship
>new "Next" platform dropping late July, ticker change to $NXDR 7/21

bull case: Nirav's OG vision + platform revamp = moon?

bear case: too late, bleeding cash, Q2 earnings 8/7 gonna sting

buy the dip if you YOLO on founder glowup, or short this trash. idgaf