Comment by bherms

I feel bad for anyone who joined post 2021... They raised at like $39b that year, then another qtr billion later that year at an undisclosed valuation. This is effectively a "down round" here and everyone who got shares at a $40b+ valuation is getting screwed. I interviewed with them many years ago and ultimately decided against it - their dilution was insane, looked to keep going, and the valuations were absurd at the time already given how few people were actually using it... I think they had maybe a $4b value at the time though. Honestly I think COVID was a huge boon to the company and finally gave them some much needed revenue/membership growth.