materially from those we anticipate as a result of various factors. For a discussion of these and other related risks, please refer to the following “Risk Factors” in this Question 8. Forward-looking statements represent the Company’s management’s beliefs and assumptions only as of the date made. The Company assumes no obligation to update these forward-looking statements.
Declines in general economic conditions, and the resulting impact on consumer confidence and consumer spending, could adversely impact our results of operations. Our financial performance is subject to declines in general economic conditions and the impact of such economic conditions on levels of consumer confidence and consumer spending. Consumer confidence and consumer spending may deteriorate significantly, and could remain depressed for an extended period of time. Consumer purchases of discretionary items, including furniture sold on our purchase portal, may decline during periods when disposable income is limited, unemployment rates increase or there is economic uncertainty.
The Company's business model depends on a number of factors. There is no assurance that the Company’s business model will be successful or that the Company will generate increased revenues. The Company may be forced to change or abandon the Company’s business model in order to compete with the Company’s competitors’ offerings.
The Company's limited operating history may make it difficult to evaluate the Company’s current business and the Company’s future prospects. The Company has encountered and will continue to encounter risks and difficulties frequently experienced by growing companies in rapidly developing and changing industries, including challenges in forecasting accuracy, determining appropriate investments of the Company’s limited resources, market acceptance of the Company’s existing and future products and services, competition from established companies with greater financial and technical resources, acquiring and retaining users and developing enhancements to the Company’s products and services. The Company cannot assure you that the Company will be successful in addressing these and other challenges the Company may face in the future.
associated with such changes. As a strategic response to changes in the competitive environment, the Company may from time to time make certain pricing, service or marketing decisions or business combinations that could have a material adverse effect on the Company’s business, results of operations and financial condition.
results of operations, financial condition and prospects.
of the Company’s competitors are significantly larger than the Company is and have
more capital to invest in their businesses. The Company believes that its ability
to successfully compete against these and other potential competitors depends
upon many factors both within and beyond the Company's control, including the
• the size and composition of the Company's user base;
• the timing and market acceptance of services, including the developments and enhancements to those services offered by the Company or the Company's competitors;
• the Company's ability to monetize activity on Discord’s services;
• customer service and support efforts;
• marketing efforts;
• ease of use, performance and reliability of solutions developed either by the Company or the Company's competitors;
• the Company's ability to cost-effectively manage the Company's operations; and
• the Company's reputation and brand strength relative to the Company's competitors.
Many of the Company’s current and potential competitors have longer operating
histories, significantly greater financial, technical, marketing and other
resources and larger customer bases than the Company does. These factors may allow the Company’s competitors to respond more quickly than the Company can to new or emerging technologies and changes in customer preferences. These competitors may engage in more extensive research and development efforts, undertake more far-reaching marketing campaigns and adopt more aggressive pricing policies which may allow them to build a larger user base or to monetize that user base more effectively than us. The Company's competitors may develop products or services that are similar to the Company’s products and services or that
achieve greater market acceptance than the Company’s services. This could
attract users away from the Company’s website and reduce the Company’s market