Comment by aspenmartin
1 day ago
OK, so when S-1 comes out you will finally allow yourself to be wrong? Your prior is, a 1T company plans to IPO and their leader has been loudly committing an insane amount of fraud? I mean this of course is possible but that is quite the conspiracy. The scrutiny of an IPO would be a crazy thing to do if you were committing fraud at the scale you're suggesting.
Revenue is not profit yet the discussion in this particular thread is about revenue.
> 1T company plans to IPO and their leader has been loudly committing an insane amount of fraud?
Ever heard of Enron, Theranos, SBX ? They were all hiding in plain sight - who could've thought they were frauds?
That’s why I said it’s possible but it’s a very improbable and weird prior assumption to make
> weird prior assumption to make
No, at this level of capital involved, and so much opacity around the company financials, it's a perfectly reasonable assumption.
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