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0 pointsplagiarist2y ago0 comments

Why would they even IPO if they are bleeding money as fast as they were? Was it one of those SPAC pyramid scams just to get fresh money from people?

0 comments

gmerc2y ago

because early VCs wanted someone else to hold the bag

delfinom2y ago

The fact that people still don't understand that this is what any IPO is about is funny and sad.

qwytw2y ago

Well because profitability was just a few years away according to their prospectus.

Which to be fair wasn't that inaccurate. Had they stopped expanding like crazy for a year or so the company would've been profitable (with minimal damage to their core product, if not the other way around).

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