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Maybe the strategy is to start at obscenely overpriced so when you "tank" and descend into just very overpriced, the market thinks you might soon return to prev
by wufufufu 10y ago
Maybe the strategy is to start at obscenely overpriced so when you "tank" and descend into just very overpriced, the market thinks you might soon return to previous heights and you settle around there.
- fullshark 10y agoThe strategy was to get 3+ Billion dollars. It succeeded beautifully, and since shares have no voting rights they don't have to worry about pressure from Wall Street. They will have to worry about talent acquisition/retention if the stock price tanks though. But maybe that is offset in the short term by the appeal of working for a company with public shares.