Cal AI acquired by MyFitnessPal(twitter.com)
twitter.com
Cal AI acquired by MyFitnessPal
https://twitter.com/zach_yadegari/status/2028473704359874652
2 comments
Does anyone have any educated guess on what the price could’ve been?
My guess would be ~$30mm. MyFitnessPal itself, which generates the most revenue of all health&fitness apps, was sold as an undesirable asset for $345 million a few years ago and probably do not have mountains of cash sitting around.
Cal AI are popular and their revenue seems great, but their profit margins are probably quite slim, they rely heavily on advertising and I imagine 80%+ of their revenue is on day 1.
Cal AI are popular and their revenue seems great, but their profit margins are probably quite slim, they rely heavily on advertising and I imagine 80%+ of their revenue is on day 1.