• David Gerard@awful.systemsOPM
    link
    fedilink
    English
    arrow-up
    11
    ·
    edit-2
    2 days ago

    per link, venture capital has been very reluctant to unambiguously realise the losses. a $1b book value is an (imaginary) asset you can hug and hold, a $114m loss is not.

    • froztbyte@awful.systems
      link
      fedilink
      English
      arrow-up
      5
      ·
      2 days ago

      venture capital has been very reluctant to unambiguously realise the losses

      don’t believe the broadsheets / the gravy train’s a-rockin’