The Market Ticker - Hahahahaha.... 'Waited Too Long To IPO'
Oh c’mon; Uber didn’t “wait too long” to IPO, as is being claimed now.
None of these extraction schemes have any long-term value at all — and never did. Tesla is another one; not only is a cash bonfire it’s also a tax farm and effectively forces taxpayers to fund the operation of the company. That sort of crap ought to be considered armed robbery and send people to the gallows.
Indeed, I challenge you to find IPOs in the last decade that haven’t been extraction schemes of one form or another.
All extraction schemes are functionally scams — and most of them, analyzed dispassionately, run afoul of 15 USC Chapter 1 in some form or fashion too.
Of course we don’t prosecute people any more for breaking the law if they run a public company. Oh sure there’s a…….
(Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=235917
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