Re:WeWork Parent Weighs Slashing Its Valuation in Half
by JumpCrisscross on Thursday September 05, 2019 @04:58PM
(#20890575)
> So basically a huge pump and dump
Softbank have been transparent from the start. When Uber did its split round, even on HN, a number of commenters were convinced the spread was legitimate. That the top-of-the-stack pref was actually worth 2x the next-in-line pref. The media fetishised the post-money valuation, and the details got lost in the conversation amongst uninformed investors.
Softbank have been transparent from the start. When Uber did its split round, even on HN, a number of commenters were convinced the spread was legitimate. That the top-of-the-stack pref was actually worth 2x the next-in-line pref. The media fetishised the post-money valuation, and the details got lost in the conversation amongst uninformed investors.