this post was submitted on 17 Jun 2023
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I admittedly don't know much about IPOs, but...wouldn't that tank the value and lessen the profit from said IPO?
sure, if your incentives are purely economic, then it does not make sense. but, just look at what musk did with twitter - he burned bulk of its value, sure, but he also had ideological incentives to flood that place with altright chuds, and that worked. this does not make sense here tho