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by ncmncm
2850 days ago
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It is perhaps worth noting that the bulk of Mongo's operating losses were only paper: vesting stock options. I don't know why they wanted to keep that a secret from Wall Street, but it means that they got 6+ years' operating capital from the sale, not just 2. Keeping the secret meant they were motivated to shed people vesting too much, to make their apparent losses look smaller. Wall Street smoke 'n' mirrors strikes again. |
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