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by randycupertino
2403 days ago
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> I revel about the irrational exuberance from the upper echelons of management/banking. I revel that Neuman, Softbank, JPM, Goldman Sachs, etc. are now getting called out for trying to dress up a pig in lipstick and sell it to the public at 10x its current (perhaps, "real"?) valuation. Couldn't agree with this any more. If anything, the best thing to come out of the WeWork debacle is more founders will be aware banks pump the stocks up so the bankers get rich when a firm IPOs but then generally deflates after the hype dies down and before tech workers can benefit. |
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