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I think it is safe to say that the IPO was a total scam. The company was never profitable, and numbers never made any sense. I have a bridge in Brooklyn up for
by korzun 9y ago
I think it is safe to say that the IPO was a total scam. The company was never profitable, and numbers never made any sense.
I have a bridge in Brooklyn up for grabs (cheap) if you still think the valuation was based on ridiculous data points such as active users, etc.
People already lined their pockets up and you will be reading another P.R piece on how great of a businessman Evan is within the next couple of months.
Spend all of the funding on aggressive marketing to get the numbers up pre-IPO, file for an IPO and cash out. Rinse & repeat.
- jayess 9y ago> I think it is safe to say that the IPO was a total scam. Precisely.
- gruez 9y agoIs it really a scam if there was no deception and every buyer knew what they were getting into?
- cocktailpeanuts 9y agois pyramid scheme a scam?
- NDT 9y agoYes, people that buy into them are just dumb.