Yeah, it’d just be nice if it lost all that value before going public and ended up a loss for the VCs instead of retirees.
Unblended
I’m a scientist and systems engineer, particularly materials science, electrical engineering, chemical engineering, bioengineering, renewable energy, um… okay, so kind of I enjoy being a general engineer and doing a little of everything.
But I love trying to help scientists turn super technical concepts into usable prototypes because I can translate biologist to electrical engineer really effectively.
I am the star trek kind of anarchist.
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Cake day: June 12th, 2023
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Doesn’t that result in the general public owning shares that gradually decrease in value while the current owners make money at the current value? Seems like index funds will be paying for it unless the actual amount the Reddit owners sell it for goes down before the sale.
Satisfying I guess, but frustrating that the people that did the damage get a payout while the public holds the bag while it deflates.
I wonder to what extent the massive imbalance in news coverage was simply super wealthy families handing journalists pre-written pieces so that laziness would dictate this result (rather than the journalists doing this naturally, although laziness is natural enough I guess).