⚠️ Circle Employees Lose $3B Despite CRCL's 700% Stock Surge – Chamath Weighs In

🔥 While Circle (CRCL) stock is on fire — up 700% since its IPO and another 20% on Friday — the story behind the scenes tells a different tale.

📊 According to investor Chamath Palihapitiya, Circle employees lost nearly $3 billion in equity value due to the traditional IPO process, which forced the sale of 14.4 million shares just to go public.

💬 “This wouldn’t have happened with a SPAC,” Chamath noted, reigniting the IPO vs. SPAC debate.

🔍 Key Takeaways:

▫️ CRCL’s blockbuster debut didn’t benefit insiders as expected

▫️ Traditional IPO mechanics may be outdated for modern Web3 companies

▫️ Raises important questions about fairness and liquidity for early employees

🌐 Should more crypto-native companies consider alternative listing paths?

#IPO #Circle #CRCL #Crypto #Web3

https://coingape.com/circle-employees-lost-3-billion-despite-crcl-stock-rally-by-700-says-chamath-palihapitiya/