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Fund managers buy this crap to cash out the VC friends. See SNAP for an example: [1]. Few actual people are stupid enough to fall for this shell game, but the
by linuxftw 8y ago
Fund managers buy this crap to cash out the VC friends. See SNAP for an example: [1].
Few actual people are stupid enough to fall for this shell game, but the limited 401k options most companies offer all but guarantee some of your savings is going into these deadbeat companies.
1: https://finance.yahoo.com/quote/SNAP/holders/ https://finance.yahoo.com/quote/SNAP/holders/