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The real problem is their stock crashed, so their best engineers will probably leave, and then it will become increasingly worse in a feedback cycle until possi
by dheera 2y ago
The real problem is their stock crashed, so their best engineers will probably leave, and then it will become increasingly worse in a feedback cycle until possible eventual bankruptcy.
Ideally the stock price should be pushed up to attract better engineers to go in and fix shit. If stockholders agree to bid up the stock 100% YoY, hell, even I'd look for a job there, and help fix shit in return for some juicy RSUs.
If you take away their funding, you can only expect worse in the future.
- chgs 2y agoCrashed? Since the start of the year CRWD is up 5%
- dheera 2y agoSince the beginning of time everything is up 10000000% It crashed in the last week. That's what matters.
- cjpearson 2y agoBut since most engineers probably started before last week, wouldn't they be still up quite a bit? Even with the crash it's up 75% over the past year.
- dheera 2y agoThey just lost a lot though, losing incentive to stay. But they provide a public good, so it would help for the public to bid the stock up to get the employees to stay, fix things, and vest it rather than ditching the company.
- gkuhl21 2y agoIs that how stonks work? It sounds quite close to throwing good money after bad.