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A comment on Facebook to Buy Giphy for $400M. Parent comment

Re:Facebook to Buy Giphy for $400M by nostromo on Friday May 15, 2020 @01:40PM (#23194960)
So did the last round of investors lose 1/3rd of their investment (and after waiting four years, too)? Was this a fire sale?
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Re:Facebook to Buy Giphy for $400M by pisarzp on Friday May 15, 2020 @01:44PM (#23195008)
No, usually investors stock is preferred with 1x liquidation preference. This means they get their money back, then the rest is split among other shareholders
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