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CodingJeebus
30 days ago
Not to mention that a government ownership stake also incentivizes a bailout if this all goes bust.
4 comments
rchaud
30 days ago
A 5% stake in an overvalued private company without public financials and with an indeterminate timeline to profitability
is
a bailout. Shareholders cash out while the taxpayer is stuck with the bill.
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triceratops
30 days ago
Is the government buying their stake or being given a stake? In the second scenario there's no bagholding.
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linhns
30 days ago
With the way they're treading on, I'd not be surprised if a bailout happens in the next decade.
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HWR_14
30 days ago
Why?
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HardwareLust
30 days ago
"Too big to fail."
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