alt Hacker NewsTheir company is so volatile and unsustainable in the long-term that it makes sense to go public (for the current owners)
Replies
delfinom • yesterday at 10:16 PM
Only if they can find a way to dress up their financials for the IPO filing. They don't want to get WeWorked.
nrmitchi • yesterday at 10:23 PM
It really doesn't matter. They're doing secondary offerings for employees and individual holders, and they'll have no issue allowing private transactions for larger holders.
The general wealth distribution has shifted to the point that they do not need access to public funds, and frankly, if they can't find private funds for their needs, it is a huge red flag that they would just be dumping on the public.
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Yes, Sam definitely doesn’t want to be holding this bag.