[Province1108]

Not really when the terms of private financing during the bull run were very generous for valuations and terms.

There are big downsides to being public, including all the regulatory requirements and pandering to institutional investors.

Now the bull market is over and private money is tighter, they don't really have a choice but to raise money publicly.

[ergocoder]

Good for billionaire lords not employees.

Coinbase on the other hand is very employee friendly in terms of liquidation. Their employees are rich as fuck with direct listing (no lockup) at the height of the market.

Just think about it.

Coinbase, who is ridiculed for being apolitical, treats employees better than Stripe.