[smachiz]

Except that some percentage of their investment is at a $47B valuation.

They already bought quite a bit of early investors/employees of positions who cashed out happily.

I think this really is about loss mitigation than anything else.

They're already $10B in - spending another $5 to get $10B out vs <$1B out if they go bankrupt is probably worth it.

[dmitrygr]

So basically a dollar auction [1] on a billion dollar scale?

[1] https://en.wikipedia.org/wiki/Dollar_auction