There’s a lot of noise about XY Labs, the company behind $XYO, and whether they are bleeding out financially. There’s some truth to the noise in the sense that they are in deed  filing financial statements showing losses. They haven’t turned much of a profit (if any) thus far. This is not all that surprising. Many startups and young companies take time to become profitable and it is only after years of struggle that they finally get there. For every 1 company that comes out the gates with a profit there are dozens that don’t. Amazon for instance went several years with losses before turning a profit. And some still question whether they actually do turn a profit. And yes, many of these startups fail. And also yes, XY Labs can fail. However, there are reasons to believe they are on the cusp of significant success. For all of the complaints about their marketing strategy they have already announced several partnerships and other new initiatives that seem quite bullish. But there is risk in investing, especially in crypto. And yet in a world where dog memes are profitable, $XYO is to me worth the risk. Everyone needs to take the time to do their own research and invest according to their own risk profile.
#XYO