You're right. It depends on the industry the acquired company is in. There's not much history of crypto companies being acquired....yet. Sun doesn't know what he's buying, or their names. My gut says the hastily prepared "talk" because it definitely wasn't an AMA, was to keep the masses from powering down right away. I'd be more comfortable watching to see how it goes, if the power down wasn't 13 weeks. Thirteen weeks is too long if the wheels start coming off.
True. I'd say watch what happens with the Steemit,Inc stake. Though Sun actually mentioned a passive investment in steem several days prior to that, what he said in the AMA was right along those lines again. Plus it's what he has done with other acquisitions. There is a lot of evidence to suggest he is just now the largest investor in steem and wants to make many multiples off of what he paid for it down the road.
You're right. It depends on the industry the acquired company is in. There's not much history of crypto companies being acquired....yet. Sun doesn't know what he's buying, or their names. My gut says the hastily prepared "talk" because it definitely wasn't an AMA, was to keep the masses from powering down right away. I'd be more comfortable watching to see how it goes, if the power down wasn't 13 weeks. Thirteen weeks is too long if the wheels start coming off.
True. I'd say watch what happens with the Steemit,Inc stake. Though Sun actually mentioned a passive investment in steem several days prior to that, what he said in the AMA was right along those lines again. Plus it's what he has done with other acquisitions. There is a lot of evidence to suggest he is just now the largest investor in steem and wants to make many multiples off of what he paid for it down the road.