They IPOed in 2020 at a valuation of 13.7B. Any investors in those rounds made fantastic profits. Dress it up, talk about revenue growth, dump it on the public

They IPOed in 2020 at a valuation of 13.7B. Any investors in those rounds made fantastic profits. Dress it up, talk about revenue growth, dump it on the public markets and make it someone else's problem: the venture capital recipe. There were, however, plenty of worse investments in those years: https://www.bloomberg.com/news/articles/2023-12-27/spac-mania-s-ugly-end-yields-46-billion-of-investor-losses https://www.bloomberg.com/news/articles/2023-12-27/spac-mani...