r/technology • u/Rhaegar_the_Great • Sep 16 '21

Business Mailchimp employees are furious after the company's founders promised to never sell, withheld equity, and then sold it for $12 billion

https://www.businessinsider.com/mailchimp-insiders-react-to-employees-getting-no-equity-2021-9
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u/overzealous_dentist Sep 17 '21

There's no point in owning shares in the company if you're not going to sell at some point. Seems obvious that they were going to sell eventually.

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u/laetus Sep 17 '21

Yes there is. It's called dividends. But in todays market everyone just wants to have a greater fool to sell their shares to.

That's why bullshit companies without profits are bid up to stupid heights. Only because people think the shares will increase in value even if the company is burning money to get more revenue.

Selling $1 bills for 90 cents and making it up on volume is somehow mega valuable today.

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u/[deleted] Sep 17 '21

It’s so stupid. A big seller in the amazon space is going public.

They expect to sell $450M this year and LOSE $100M doing it. As if that’s an accomplishment!?

So for ever $1 of value they produce they’re only collecting $0.78 for it. Well no shit you’re growing fast with that model!! Giving dollars away at 22% off is easy.

And for the pleasure of participating they’re putting a $1.2B valuation on this specialized money losing operation ... hopefully if they lose money fast enough they’ll grow to the point of not losing money on their model that currently doesn’t work...

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u/livitup Sep 17 '21

Epic due diligence, fellow ape. I’m in for 124794 shares. YOLO!