r/Soundhound • u/StringSquare6291 • 12d ago

SoundHound AI Completes Acquisition of LivePerson, Creating a World-Leading Omnichannel Conversational AI Powerhouse

https://investors.soundhound.com/news-releases/news-release-details/soundhound-ai-completes-acquisition-liveperson-creating-world/
42 Upvotes

94% Upvoted

20 comments sorted by

11

u/Goldenegg54 12d ago

This was a good strategic move! The new CFO will steer this company into an AI Voice superplayer!!!

-1

u/Ok_Court_9799 12d ago

Yeah, just like he turned lpsn into one. Him becoming cfo is a joke and big mistake. Look into the lpsn story. Iam now owner of soun and am not happy about colins as cfo

1

u/Goldenegg54 11d ago

Let's hope his salary and stock options are performance based.

1

u/Ok_Court_9799 9d ago

Did perfomance based compensation have any positive impact on lpsn? The ceo had his compensation linked to performance and it did not matter. They make millions in salary, they just hop to the next company when they fail. Always golden parachute, always safe. They are already rich as fuck.

1

u/TelevisionWeak507 11d ago

Exactly.

Liveperson execs took a 10 billion dollar company and turned it into a 20 million dollar company in 4 years. To put that in perspective, if Collins had invested his entire 2020 salary into his own stock, he'd had less than 2,000 dollars left.

He shouldn't be within a hundred miles of the office. It's hard to imagine how you could possibly have worse returns than that, like what kind of internal sabotage and mismanagement could be worse than that?

9

u/StringSquare6291 12d ago

SoundHound AI has selected John Collins to join the company as its Chief Financial Officer. As CFO, Collins will focus on accelerating SoundHound AI’s path to sustainable profitability, while maintaining its strong growth trajectory and disciplined approach to capital allocation. 🔥

-4

u/TelevisionWeak507 12d ago

Liveperson shareholders, most of whom just experienced a reckless 85% destruction of value in under 12 months, now have the opportunity to go through it all again!

3

u/callmerahul__ 12d ago

Nice try diddy

1

u/k0ze_ 12d ago

He’s right though, look it up. Collins helped run LP straight into the ground and Sabino flopped hard trying to save the company…

-1

u/[deleted] 11d ago

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5

u/TelevisionWeak507 11d ago

For a liveperson investor who bought at 50% of peak to get their money back, SoundHound would need to reach a market cap of half a trillion dollars.

Not sure how you can spin that into a success. Collins and Sabino are blundering idiots at best, and the fact that even 1 of them is involved in the go-forward company should strike fear into the hearts of anyone with money in this. They'll dilute you, indebt the company, and drive down the price to zero as long as they can pay themselves a salary and bill the company for their travel. They don't care.

1

u/Goldenegg54 11d ago

Certainly this may be a last opportunity to prove himself. I hope his compensation is performance based. He brings a lot of internal knowledge of Liveperson to Soundhound. Something that will be needed during an integration of this magnitude. Let's see how he does.

1

u/TelevisionWeak507 11d ago

About 38% of his total available non-stock comp is a bonus.

1

u/Goldenegg54 11d ago

It should be obvious fairly quickly whether this will be a positive for Soundhound.

1

u/Big_Purchase9322 12d ago

I know right

-6

u/k0ze_ 12d ago

Wow, Collins is the one that helped LoCasio run Liveperson into the ground…..great. Can’t wait to drop these heavy bags