Circle Employees Lost $3 Billion Despite CRCL Stock Rally By 700%, Says Chamath Palihapitiya

The Circle (CRCL) stock surged a further 20% on Friday, and is already up by 700% since its IPO earlier this month. Despite these large beneficial properties, billionaire investor Chamath Palihapitiya famed that the stablecoins company’s workers misplaced with regards to $3 billion, as the firm needed to race for a aged IPO route as a replacement of SPAC merger. Here is since the firm workers favor to promote 14.4 million shares from their holdings to proceed with the IPO.