{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/12884005d3c8419eaf649a62ff57bebd\" frameborder=\"0\" width=\"1728\" height=\"1296\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1296,"width":1728,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1296,"thumbnail_width":1728,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/12884005d3c8419eaf649a62ff57bebd-1697739504352.gif","duration":1306.003155298,"title":"[October 2023] Levels Investor Update - September 2023 Recap","description":"In this video message, I provide an update on our revenue performance and discuss the adjustments we are making to our strategy. Our new member count has dropped by 15% month over month, but this was an expected outcome of an experiment we conducted to test demand. Despite this, our revenue is largely in line with expectations. We will be adjusting our strategy to improve contribution margin and focus on building a sustainable path to non-linear growth. Additionally, we will be reducing investment in areas that are not generating sustainable results."}