4 ms·
And one of the benefits of an IPO is that the market discipline management to focus on being profitable (assuming they're not playing games with from multi-clas
by JackFr 7y ago
And one of the benefits of an IPO is that the market discipline management to focus on being profitable (assuming they're not playing games with from multi-class voting shenanigans.) It's funny that this role of the market is often derided ("Management isn't thinking long term -- they'll do anything to make next quarters numbers...") but it's very important.