The corpse of MySQL just can't catch a break.
MySQL is safely entombed within a gilded Oracle mausoleum.
MariaDB plunges nearly 40% in NYSE debut after SPAC merger
21–30 of 121 posts
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#22"About 99% of the shareholders of special purpose acquisition company Angel Pond got their money back before the merger was completed, wiping out about nearly $263 million in capital that the companies had projected could be raised in the deal."
That's my problem with SPACs. The people who put them together walk away with all the money. IronNet, 23andMe, and Adstra, had similar drops.
BlackSky, Getaround, others...
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#23Is MariaDB looking for different ways of investment to achieve their corporate goals?
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#24The corpse of MySQL just can't catch a break.
The corpse? It's actively used by many companies in production. Unless you're referring to the branching point, which is more like the younger version than a corpse.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#25SPACs are setup by people who couldn’t figure out how to launch a DAO token scam.
Nah, SPACs are just the luxury version of a DAO token scams.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#26Hopefully SPACs are cooked after this and the other recent bad SPAC news.
SPACs have been cooked since last year. The fact people are still doing it now during the worst time to make any public offering shows that they are completely out of options and need to cash out.
It's part of the terms of a SPAC that they have to find a deal within (usually) a year or return the money. There are hardly any new SPACs being started up, but the ones left over from the boom still have to make the best of what they've got.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#27SPACs are setup by people who couldn’t figure out how to launch a DAO token scam.
Just wait, the next thing will be major announcements for the release of NFTs that'll be super hero level SQL commands.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#28Can someone please explain what that means. I know MariaDB but understand pretty much nothing else here.
A description of how SPACs work can be found here: https://www.investopedia.com/terms/s/spac.asp
From the link:
> During a 2020–2021 boom period for SPACs, they attracted prominent names such as Goldman Sachs, Credit Suisse, and Deutsche Bank, in addition to retired or semiretired senior executives.
Now, why retired or semi-retired senior exec who are most probably already swimming in money and have a certain age are even thinking about these investments instead of just spend the fortune they have and enjoy life? I guess I'll never be such an exec...
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#29We need a better mechanism for companies to go public. The traditional IPO is a ripoff and SPACS are scams. It's great that companies like MariaDB are able to raise money in public markets, though.
Direct listings seem fine-ish.
Especially since companies can, as of recently, issue new shares to sell as part of the listing (like they would in an IPO) instead of relying on insiders to provide the liquidity.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#30The corpse of MySQL just can't catch a break.
The corpse? It's actively used by many companies in production. Unless you're referring to the branching point, which is more like the younger version than a corpse.
> It's actively used by many companies in production
The problem is not many of them want to pay for it. $40 million in ARR after 13 years and $227 million in funding isn't great.