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by CodingJeebus 30 days ago
Not to mention that a government ownership stake also incentivizes a bailout if this all goes bust.
4 comments

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.
Is the government buying their stake or being given a stake? In the second scenario there's no bagholding.
With the way they're treading on, I'd not be surprised if a bailout happens in the next decade.
Why?
"Too big to fail."