Not quite following why MariaDB is even a listed company? It's a solid database sure but traditional relational DB isn't exactly a bleeding edge killer feature these days
What was the intended differentiating hook?
MariaDB plunges nearly 40% in NYSE debut after SPAC merger
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Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#62Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#63Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#64Not quite following why MariaDB is even a listed company? It's a solid database sure but traditional relational DB isn't exactly a bleeding edge killer feature these days What was the intended differentiating hook?
I agree - I didn't realise it was a listed company. Does it compete with Oracle or SQL Server in terms of features?
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#65We 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.
We need a better mechanism than going public. That only leads to the inevitable next-quarter-itis that has taken down once great companies like HP and Bell Labs.
We need a law that says that CEOs and C-suite writ large and board members can't receive stock/options/RSU. Otherwise, we'll always be stuck in Goodhart's law. Maybe they make enough already and don't need bonuses. The "bonus" is keeping your job not getting a golden parachute.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#66Why is MariaDB on the stock market?
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#67Not quite following why MariaDB is even a listed company? It's a solid database sure but traditional relational DB isn't exactly a bleeding edge killer feature these days What was the intended differentiating hook?
I agree - I didn't realise it was a listed company. Does it compete with Oracle or SQL Server in terms of features?
Absolutely not. It's main feature is being wire compatible with mysql.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#68Earlier quoted context omitted.
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.
Don’t the shareholders get their money back with interest if they don’t like the deal? I thought the way a SPAC works was roughly: - sponsors create a spac selling shares+warrants for, say, $10 - they have two years to merge with a company - when the merger is sorted, shareholders can choose either (a) to get their money back + 3%, (b) to get their share in the resulting company and discard their warrant, or (c) to g…
Your understanding of SPACs is correct. However sketchy sponsors might have short vesting periods.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#69Earlier quoted context omitted.
We need a better mechanism than going public. That only leads to the inevitable next-quarter-itis that has taken down once great companies like HP and Bell Labs.
Don't forget that things are the way they are for good reasons, or at least historically good reasons. At least with next-quarter-itis you're holding execs accountable for delivering _something_ relatively soon. It's an imperfect check-and-balance. Are you excited by the fact that Mark Z doesn't suffer from this disease with Meta and is spending $25B/yr on a virtual reality platform that won't provide returns for man…
As you said, the relationship between shareholders and the C-suite is a check-and-balance.
Meta's structure basically makes Zuckerberg unoustable. He can continue to toss money into the ether chasing a particularly bad idea.
Conversely, it's possible to have voting power so diluted that nobody who has a long-term vision has any way to promote it.
Broad ownership allows people to call bullshit, but maybe something like a capital-gains surtax on shares held less than 5 years would make it too expensive to dive-bomb into a company just long enough to sabotage its long-term future.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#70Not quite following why MariaDB is even a listed company? It's a solid database sure but traditional relational DB isn't exactly a bleeding edge killer feature these days What was the intended differentiating hook?
I agree - I didn't realise it was a listed company. Does it compete with Oracle or SQL Server in terms of features?
My recollection is that it was created when Oracle took over MySQL in order to continue to have a community-driven GPLv2 "mysql compatible" server; I was expecting them to be more different than they are, but for comparison one is a "clean" GPLv2" and the other has more words and a link to oracle.com: https://github.com/mysql/mysql-server/blob/mysql-8.0.31/LICE... https://github.com/MariaDB/server/blob/mariadb-10.11.1/COPYI...