SF tech startup Scale AI, worth $13.8B, accused of widespread wage theft
SF tech startup Scale AI, worth $13.8B, accused of widespread wage theft
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How is it still a startup if it's worth almost $14b
If you never come up with a marketable product you can remain a startup indefinitely.
Also calling yourself a startup makes it a lot easier to abuse your naive young techworkers. "This is just how things go with a startup mindset, your partner and kids will be fine you saw them last month"
E: another startup thing (saw Eat Just from the vatmeat thing did this, but also see Trump/Musk as notable examples), just dont pay or pay your suppliers extremely late.
It's probably worth 14B in the way a fire that you feed 14B of cash into is worth 14B
Yeah that we just go "this is what the stocks are worth if we sold them all now" never feels correct as a valuation of companies for me. It is all so illiquid.