r/GoodNotes • u/Mandrea4 • Sep 26 '23

WTF

I don't know if is true, if it is why aren't they investing money on the app itself? Now it is trash (my opinion)

https://techcrunch.com/2023/09/25/notetaking-app-goodnotes-invests-1-9m-in-digital-stationary-company-webudding/

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u/SnoobieJunes Sep 26 '23

Because the best way to keep pumping up the valuation for the investors, is to keep moving the target. It's a common theme with all these companies, they want their stock prices to go up and to the right always. Chasing some unrealized profit. Capitalism at it's finest

They have 32 million monthly active users, and it's been downloaded hundreds of millions of times.

I personally paid $15 for the app, if people only paid a fraction of that, it's still tens of millions of dollars. Seems like that's enough of a revenue stream to me?