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Hey bruce. What's your take on unit economics of ONews? I think the Street will always have trouble buying a browser that first IPOed 20 years ago. But they could buy a Toutiao made by a company that has a browser. My setback here is that the income statement doesn't show a great picture, with a payback period of gross profit of 24 months. It's too high for a consumer app, at least on my opinion. My fear here is they're buying revenue on ONews. The main detractor of revenue on ONews would be churn. Do you have a take here? Also, there are lots of simillar apps like News Break and Apex News. It seems a very competitive and commoditized market. You're essentialy buying traffic from Facebook with ads and then betting that the traffic is going to remain on your app and you're going to sell more ads to get your money back to those people. ByteDance is very good doing that (Toutiao in China, then Douyin/TikTok), but I think it's a hard thing to do. I think this stock will double if it becomes clear that ONews is good business. The private investments are a good upside risk, but the market will NEVER pay for those related parties investments.

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