this post was submitted on 07 Jul 2023
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I think it's too early to tell how it will affect the IPO - with valuation already cut drastically by Fidelity earlier and very much ongoing contention from the community (just took a look at r/pics and r/interestingasfuck, wow), they aren't really going to be entering in the position they could have without these recent poor decisions.
I hope you're right.... I hope it's true, I hope this hurts them, because this is what they deserve.
But I also know share holders care about the money, so if they can show their decisions have made them more profitable, fuck the outrage, full steam ahead.
And eventually the protests will stop somehow.