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It means they were broke af and in a death spiral because nobody wanted to buy any shares of docker at any worthwhile price, so instead, they created a ton of m
by rolltiide 7y ago
It means they were broke af and in a death spiral because nobody wanted to buy any shares of docker at any worthwhile price, so instead, they created a ton of more shares and sold those and now the organization has capital to do things that makes value for all shareholders
- syedkarim 7y agoFor clarity: Since a ton more shares have been issued, the previous shareholders own much, much less of the company than they once did.
- rolltiide 7y agoand for clarity, this doesn't get them out of the death spiral it is a key part of the concept! but maybe they generate value with their second wind
- phonon 7y agoIt can also mean some shareholders voluntarily gave up certain rights/equity.