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“profits are rather fragile” != “exit scam”. I think you just don’t know what this term means. An exit scam is where an established business keeps taking orders
by travisjungroth 7y ago
“profits are rather fragile” != “exit scam”. I think you just don’t know what this term means. An exit scam is where an established business keeps taking orders, but stops delivering product and pockets the difference. It’s also sometimes used (especially in cryptocurrency) when someone takes all the held funds and runs off. Do you really believe Airbnb’s IPO meets either of these criteria? They’re going to keep delivering services, and I really doubt the founders are going to empty the bank accounts and run off.
- michalu 7y agoWell, let's say I use the term "loosely" ... I believe they're going to go bust in the coming years with coming regulation and shrinking market and there is no more growth of principal for the shareholders, in fact it's overvalued. To successfully dump it on retail, you need a "story" and a good marketing and presenting the stock as something that it's not in this case, and I think people involved are aware of it.