2 ms·
I think the point the author is making is more about the irony of the "idea" rather than the actual price of the stock... but that's just me.
by georgeriths 15y ago
I think the point the author is making is more about the irony of the "idea" rather than the actual price of the stock... but that's just me.
- raganwald 15y agoI know, I know, but I couldn't resist the opportunity to explore the ideas of how the markets differ. As for kicking them while they're down, given that the founders have already walked away with the money, the people getting "punished" are employees and the sucker investors who bought the story. People will probably call for stricter lockup periods, but as long as investment banks and VCs are allowed to get rich flipping IPOs, this sort of thing is going to keep happening. These founders were just ruthless enough to get themselves a seat at the dinner table instead of being the servants ladling out the soup.
- deleted 15y ago[deleted]