alt Hacker NewsThat’s absurd. Why couldn’t it still fail, especially when their last raise was at 20x revenue or more? These numbers are horrendous.
That’s absurd. Why couldn’t it still fail, especially when their last raise was at 20x revenue or more? These numbers are horrendous.
It can fail, but the cost will be pushed on small retail investors, pension funds, index funds etc. The investors and managers that made it fail and waste money will be rewarded and will remain rich. It will be the "socialize losses" situation.