this post was submitted on 15 Sep 2023
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I first got exposed to the problem from this Adam Conover interview with Dan Olson: https://m.youtube.com/watch?v=4aU-QkJfgGw
This article is also a nice encapsulation of the problem, even though it focuses on financial technology only, it applies to other tech companies as well:
https://www.yahoo.com/news/fintech-faces-reckoning-only-matter-133006783.html
So buy very long puts on Chime is my take away from that Yahoo article.
Edit: Nevermind... Chime is still private. They keep pushing back their IPO because fintech stocks keep declining...