3 ms·
> It's also a crap deal for buyers. If Telegram did an ordinary IPO, you'd get stock, a share in the profits of the company, and voting rights. "Grams" give you
by raspartame 7y ago
> It's also a crap deal for buyers. If Telegram did an ordinary IPO, you'd get stock, a share in the profits of the company, and voting rights. "Grams" give you none of those things.
This is the part I never understood. Even if you could suspend disbelief over the regulatory risk of this whole thing, it still seemed like a fundamentally bad offering.