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> I see these startups as legal pump-and-dump scams: they don't give a damn about the services they offer, their employees, or customers; their goal is to do an
by Karrot_Kream 5y ago
> I see these startups as legal pump-and-dump scams: they don't give a damn about the services they offer, their employees, or customers; their goal is to do anything to pump up the valuation, let the investors make their money back, and then they die, or get dumped onto the stock market, with the public being the patsy left holding the bag.
Yeah I largely see them the same way, but I can't think of a good way to penalize this behavior without adversely affecting something else. Startup pump and dumps are pretty terrible.