Bullish and Gemini IPO docs use new GAAP rules to boost income
Bullish and Gemini have used new accounting rules to make their net income/loss look even better, but the IPO was their main focus all along.
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Circle execs and VCs misread the market — it cost them $2B
Circle VCs and executives sold $270M worth of stock that would have been worth an extra $1.9B had they waited a couple of weeks.
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