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> They have no desire to unseat BigTech, they want to be acquired by them. Acquisitions are one way to make money off big tech. Breaking them up and buying par
by sangnoir 2y ago
> They have no desire to unseat BigTech, they want to be acquired by them.
Acquisitions are one way to make money off big tech. Breaking them up and buying parts of them for cents on the dollar are another, especially if you can issue barely veiled threats of government-backed retaliation if they refuse to come to the table with your allies/fronts. With a "loosened regulations" regime, IPOs may be even more profitable than acquisitions.
- scarface_74 2y agoOut of literally thousands of YC companies for instance , less than a dozen have IPOd. There is very little chance that a startup will IPO especially now that the public markets have gotten wise to the VC funded Ponzi scheme where they treat the public market as the bigger fool
- deleted 2y ago[deleted]
- sangnoir 2y agoI'm talking about buying pieces of big tech and selling them to the public via IPO. I don't thr the public has gotten wise to anything when POTUS and FLOTUS have "meme" crypto coins.
- scarface_74 2y agoI mean half the people buying meme coins are doing it to bribe Trump and the other half think he was literally sent by God. The latter half aren’t going to be buying stocks at IPO