• delirious_owl
        link
        fedilink
        arrow-up
        6
        ·
        9 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
        link
        fedilink
        arrow-up
        1
        ·
        9 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).