[armatav]

Yeah, but it’s like;

1) Sacrifice the entire companies long term existence to let a small number of people sell at 2.5X the share price one time during a macroeconomic peak

2) Allow almost everyone, including new employees, a longer-term path to wealth, by ignoring that bubble peak and focusing on long term value generation outside of the public markets (which notoriously destroy companies)

IMO, it’s such a base layer of internet businesses, they should keep it private forever; otherwise it’ll be PayPal in 10 years.