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0 pointsexogeny3y ago0 comments

I think the bigger problem is most of the companies that go public this way are dogshit money-losers that shouldn't be public in the first place.

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3 comments · 2 top-level

12700180803y ago· 1 in thread

All SPACs, and some traditional IPOs, are a last ditch effort of dumping worthless equity onto naive retail investors.

bombcar3y ago

The fact that some recover and become "real companies" doesn't detract from this. Beware the IPO and the SPAC.

Mistletoe3y ago

> The company in February projected an operating loss of $43.2 million this fiscal year on sales of $47.4 million and an operating loss of $44.7 million in fiscal 2023 on sales of $63.5 million.

Nice stats haha.

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