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A 5% stake in an overvalued private company without public financials and with an indeterminate timeline to profitability is a bailout. Shareholders cash out wh
by rchaud 3mo ago
A 5% stake in an overvalued private company without public financials and with an indeterminate timeline to profitability is a bailout. Shareholders cash out while the taxpayer is stuck with the bill.
- triceratops 3mo agoIs the government buying their stake or being given a stake? In the second scenario there's no bagholding.