News for hackers. Stuff that matters.

A comment on Stripe announces new round of funding and plan to provide employee liquidity. Parent comment

Re:Stripe announces new round of funding and plan to provide... by sangnoir on Wednesday March 15, 2023 @06:49PM (#35175781)
> They could have hit $120B market cap at one point, but all public tech stocks are significantly down since then

I think that's parent's point: investors and current stock holders could have transferred $120B from retail investors before the adjustment. Now they have to hold onto their own devalued stock like a bunch of rubes. /s

[ Parent | on HN ]
Re:Stripe announces new round of funding and plan to provide... by danielmarkbruce on Wednesday March 15, 2023 @06:51PM (#35175797)
That isn't how it works. Going public at $120 bill valuation doesn't mean you raise $120 billion. They'd have raised something like they have here.
[ Parent | on HN ]
Re:Stripe announces new round of funding and plan to provide... by hgsgm on Wednesday March 15, 2023 @07:13PM (#35175966)
It is how it works, selling at inflated valuation, but a fraction of the $120B, not all of it.
[ Parent | on HN ]
Re:Stripe announces new round of funding and plan to provide... by danielmarkbruce on Wednesday March 15, 2023 @07:17PM (#35176007)
The "fraction" part is key... the statement above is wrong.
[ Parent | on HN ]
Re:Stripe announces new round of funding and plan to provide... by nimbuscoder on Wednesday March 15, 2023 @07:18PM (#35176025)
Ding ding ding
[ Parent | on HN ]