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A comment on MariaDB plunges nearly 40% in NYSE debut after SPAC merger. Parent comment

Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by randyrand on Tuesday December 20, 2022 @06:39PM (#34074518)
Because going public is the only way for most shareholders (including most employees) to sell shares.

Don’t ask me why startups are designed this way.

It’s dumb.

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Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by edgyquant on Tuesday December 20, 2022 @07:14PM (#34074882)
I had no idea Mariadb was a startup. I thought it was an open source fork if mysql
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Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by LeFantome on Wednesday December 21, 2022 @12:13AM (#34076928)
MySQL is named after the founder’s daughter—My ( pronounced me by the way ). He sold it to Oracle and then, because it was Open Source, he forked it to create MariaDB. The name of his other daughter is Maria.
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Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by user_named on Wednesday December 21, 2022 @12:23AM (#34076995)
It's not pronounced Me, it's not English. But let's excuse your americanism.
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Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by unethical_ban on Wednesday December 21, 2022 @01:35AM (#34077402)
No one I know had ever pronounced it Me. How did you come to the conclusion this non existent thing was an Americanism?
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Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by gboone on Wednesday December 21, 2022 @08:19AM (#34080339)
I think the reference is to the daughter's name, not the product. Previous discussion regarding name:

https://news.ycombinator.com/item?id=12203571

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Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by unethical_ban on Wednesday December 21, 2022 @02:04PM (#34084891)
Ah. I thought the OP was saying "Americans pronounce it 'me' and that is wrong".

They were saying "Americans pronounce it 'my' and that is wrong".

Got it.

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Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by user_named on Friday December 23, 2022 @06:14AM (#34104549)
It's neither. I'm saying you're too dumb to understand that your language doesn't cover every other language.
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Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by deafpolygon on Thursday December 22, 2022 @07:12AM (#34092563)
Wait what? The same guy who made MySQL sold it to Oracle, then forked THAT code, started a new company on the same codebase then now is going public?
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Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by sofixa on Wednesday December 21, 2022 @02:52AM (#34077847)
Many open source projects have startups behind them putting in all the work, usually with the hope of monetizing it. Which is a really hard problem - the choices are support and services (the software is FOSS but you sell support and implementation/review services to enterprises - what Red Hat used to do), or open core (only the core software is FOSS, and there are proprietary Enterprise versions with more Enterprise features). Neither are obvious and many open source startups fail.
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Re:MariaDB plunges nearly 40% in NYSE debut after SPAC merger by Mistletoe on Tuesday December 20, 2022 @07:22PM (#34074976)
Does anyone have info on what price early investors got the shares?

Retail launches are always designed to let them cash out with big multiples no matter what the price does.

I remember buying something I thought was “early” for $5 a share and later we learned the real earlies got in for $0.25. I was able to sell somehow at a price of $12 in the mania after it launched, but of course it eventually bled out down to $0.25 and beyond because of the constant selling from the insiders. They were always in profit, what did they care?

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