Comment by hansmayer
1 day ago
> 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?
1 day ago
> 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.
No, it's not. It's a stupid thing to say. Perfectly stupid assumption. There are 1000s of multi billion $ revenue companies operating and as a % the number that are fraudulent is close to zero, especially those public or looking to go public. There is always the possibility, but it's extremely naive to think it's likely.