Harry Stebbings

To Ev's point, if you don't have a compelling AI story, it's just really hard, right?

To Ev's point, if you don't have a compelling AI story, it's just really hard, right?

And they're just, in my view, they're just going through the same journey Intercom went.

And they're just, in my view, they're just going through the same journey Intercom went.

I don't think it's done.

I don't think it's done.

And I think at one time's revenue, I actually made a mental note to think, what would I have to do to buy at that price?

And I think at one time's revenue, I actually made a mental note to think, what would I have to do to buy at that price?

The bear case is that the website building market, what they did is going to become a subset of the lovable replica, just build me a website, and they just don't have any relevance there because they're just not far enough along.

The bear case is that the website building market, what they did is going to become a subset of the lovable replica, just build me a website, and they just don't have any relevance there because they're just not far enough along.

If they can create any kind of leverage, then at one time's revenue, that's actually a very cheap stock.

If they can create any kind of leverage, then at one time's revenue, that's actually a very cheap stock.

But obviously, it's hard to say things are great when you guide down, you bought your stock back, and now it's at half the price.

But obviously, it's hard to say things are great when you guide down, you bought your stock back, and now it's at half the price.

So it's been a tough period.

So it's been a tough period.

I wouldn't be giving up, but I'd say this is one where, to Ed's point earlier, there's clearly a relevant AI story.

I wouldn't be giving up, but I'd say this is one where, to Ed's point earlier, there's clearly a relevant AI story.

And not only is there a relevant AI story, there probably isn't a story without AI.

And not only is there a relevant AI story, there probably isn't a story without AI.