[plagiarist]

Why would they even IPO if they are bleeding money as fast as they were? Was it one of those SPAC pyramid scams just to get fresh money from people?

[gmerc]

because early VCs wanted someone else to hold the bag

[delfinom]

The fact that people still don't understand that this is what any IPO is about is funny and sad.

[qwytw]

Well because profitability was just a few years away according to their prospectus.

Which to be fair wasn't that inaccurate. Had they stopped expanding like crazy for a year or so the company would've been profitable (with minimal damage to their core product, if not the other way around).