The company’s gross margin has consistently been below the industry average, dropping to 23% in 2024 and then recovering to 24.7% in the first three quarters of 2025—still far below the 28%–32% level of leading players. Raw material costs accounted for as much as 87.5%, and rapid expense growth further squeezed profit margins. Overall, the company’s scale advantage stands out, but its earnings are not sufficiently stable. Growth remains primarily driven by store count, and operating efficiency urgently needs improvement.
consists of a local part and domain part, where the domain part is just @stjerna.space
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Friedmann didn’t testify. Though he was articulate and a lauded humanitarian, his stiff demeanor was off-putting, and, as he later told me, “most criminals aren’t very sympathetic.” But that isn’t why Friedmann decided not to take the stand. He felt that he had no way of disproving the charge. Moreover, he knew that the prosecutors might ask him certain questions that, if answered truthfully, could help insure his own conviction.
Video games stand out as one market where consumers have pushed back effectively. Numerous titles have already apologized for unlabeled AI content and removed it. Platforms like Steam have clearly signposted policies about it, and tools exist to filter it out.