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One of two possibilities, IMHO: 1. They're trying to avoid a Twitter-like hype bubble on their stock, because they have so much brand recognition. 2. They're
by 5trokerac3 9y ago
One of two possibilities, IMHO:
1. They're trying to avoid a Twitter-like hype bubble on their stock, because they have so much brand recognition.
2. They're trying to drive a hype bubble and remove restrictions on cashing out their stocks before it pops.
Either way, gonna need to see that earnings report.
- ProAm 9y agoI think it's just a way to allow early investors and employee stock holders to exit.
- Animats 9y agoRight. They don't need to raise money.
- charlesdm 9y agoThey don't? Didn't they just quite recently raise a bunch of debt finance? Maybe their idea is to borrow more with interest rates being so low, rather than diluting the equity holders.
- adventured 9y agoThey're absolutely going to need to raise money, soon. They've lost $822 million in the last two years, with their losses skyrocketing last year to $581 million. At least $400m to $500m of their prior VC from years ago (2008-2013) is guaranteed to be long gone at this point. They're down to less than 12 months of capital unless they've suddenly figured out how to make money in the last few months with a blackhole business model that can never produce meaningful profit because they don't own most of the content and the licensing will perpetually squeeze them to death.