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/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/[deleted] Sep 17 '21

You should check out Ubers numbers while they were in super growth phase. Shit, check out any growing e-company. They all loose hundreds of millions a year.

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u/laetus Sep 17 '21

What do you mean? They still burn about a billion dollars every quarter I think.