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Except that some percentage of their investment is at a $47B valuation. They already bought quite a bit of early investors/employees of positions who cashed ou
by smachiz 7y ago
Except that some percentage of their investment is at a $47B valuation.
They already bought quite a bit of early investors/employees of positions who cashed out happily.
I think this really is about loss mitigation than anything else.
They're already $10B in - spending another $5 to get $10B out vs <$1B out if they go bankrupt is probably worth it.
- dmitrygr 7y agoSo basically a dollar auction [1] on a billion dollar scale? [1] https://en.wikipedia.org/wiki/Dollar_auction https://en.wikipedia.org/wiki/Dollar_auction