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submitted 8 months ago by ylai@lemmy.ml to c/usa@lemmy.ml
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[-] 420blazeit69@hexbear.net 6 points 8 months ago
[-] delirious_owl@discuss.online 6 points 8 months ago

My reaction when my instance admin "does an IPO" and basically sells my contributions and my data to the highest bidder

[-] Pringles@lemm.ee 1 points 8 months ago

Not quite. They merged with a spac, which is an empty financial vehicle traded on a stock exchange that has the specific purpose of merging with a legitimate company later, allowing that legitimate company to go public much faster (3-6 months vs 12-18 months).

this post was submitted on 01 Apr 2024
378 points (97.7% liked)

United States | News & Politics

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