[outoftacos]

The piece doesn't really articulate a problem, if anything the reverse is true more often than not: management chases short term performance numbers to the detriment of the long term success of the company and long term shareholders.

It's more just like "woah we're hip smart tech bros we need to fix the stock market!" even though none of their claims really have any merit.

IPOs are still stupid for a lot of reasons, but stratifying shareholders (why is the answer to everything from the Valley always more stratification?) is neither here nor there.