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Fascinating. Is Discord connected to Melvin Capital in anyway?
by oars 6y ago
Fascinating. Is Discord connected to Melvin Capital in anyway?
- Nextgrid 6y agoI doubt it's connected directly, however Discord's only current and future revenue stream is "growth and engagement", aka they don't have any real product to sell and are bound to rely on the "goodwill" of future investors. In this case, it makes sense to try and appeal to them, even though from a purely moral point of view you could argue that the r/WSB people did nothing wrong and it's Melvin Capital (and whatever parent hedge fund is now bailing them out) who did wrong by betting more than they could afford to lose.