Comment Oh boy! (Score 1) 81
I suspect that he's neither the first nor the last who are genuinely quite eager to see more 'equity participation' in some of the big bot shops; given that they've burned through all the VC they can get and even the dumb money is starting to get nervous. Retail bagholders and state investment under the guise of benevolence would be just the thing.
What is much less clear is whether the same amount of interest will be present once current investors take enough of a haircut that the remainder is actually worth something, or one or more of them actually start turning a profit.
What is much less clear is whether the same amount of interest will be present once current investors take enough of a haircut that the remainder is actually worth something, or one or more of them actually start turning a profit.