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SF tech startup Scale AI, worth $13.8B, accused of widespread wage theft (archive.md)

submitted 2 weeks ago by swlabr@awful.systems to c/techtakes@awful.systems

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[–] Dhs92@programming.dev 12 points 2 weeks ago (4 children)

How is it still a startup if it's worth almost $14b

[–] swlabr@awful.systems 10 points 2 weeks ago (1 children)

It's probably worth 14B in the way a fire that you feed 14B of cash into is worth 14B

[–] Soyweiser@awful.systems 7 points 2 weeks ago

Yeah that we just go "this is what the stocks are worth if we sold them all now" never feels correct as a valuation of companies for me. It is all so illiquid.

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