I think the bigger incentive was repos, but this was considered a side-benefit.

I feel like one of their primary investors wanted out. It was probably not the opportune time considering the cost of money right now.

Is there any reason to think the cost of money is going to improve at all in the foreseeable future?

well, yes, if Trump gets his way and gets a crony as the FED chair, interest rates will probably go very low

Do you think the founders were strong-armed and are pissed at this outcome?

while not the most ideal outcome, the founders likely have large numbers of priority shares and will see a significant payout

whatever they value their options at in negotiations, multiply that by 0.1-0.25 to get the real value in the best outcome for a late stage startup (series B-C+) as a common employee

Hopefully those who joined took the all-cash option when that was still available.

All of these SaaS and Fintech startups from ZIRP were so overvalued.

Well, if how r/conservative is reacting is anything to go by, even the most hardcore MAGA and Russian bots do not seem to agree with this.

Give them time to figure out the mental gymnastics. They always do.

Iv seen few tweets by hardcores going from 'lol its obviously fake and stupid ragebait' to 'yes yes this is totally rational' after learning letter was real.

Goodness look at all the dead threads in here. Am I smelling bot activity?

No, posting quotas. This place became a dump where 4 responses down you get time-banned for nobody knows how long and the discussion gets nowhere. You get attacked left and right? Well, tough luck, can’t defend and explain yourself. Good luck when multiple people want to discuss anything with you. This used to be a thought provoking place. It’s a dump now.

I'm not a conspiracy believer but truly does this not represent the actions you would take if you were trying to dismantle the reign of the dollar? This admin is blatantly acting in a manner opposite the country's interests!

The reign of the dollar, at least as the world's reserve currency has distorted the US economy since the collapse of the Bretton Woods system.

We would live in a very different world if the Bancor existed. Instead we got all the things a dollar-denominated system of international trade predicted: the export of industry and the political unrest that followed a status demotion in practically all of middle America.

In the grand scheme of labor vs capital, the dollar reserve has been a heavy foot on the scale in favor of capital.

I realize there's a lot out there on the subject, but do you have any specific reading recommendations summarizing the effect of the US dollar's reserve currency status on middle America? It's a history I've been interested in learning.

Double this!

Uh, no.

Actually, hell no.

Can't wait until there are healthcare record leaks from a model with improper guardrails.

Jassy's style of leadership is so much starkly worse that his predecessor's its obvious on the frontlines even outside the company.