The thing I was surprised about is that they survived!
After all that they still got a $400 million cash bailout!
After all that they still got a $400 million cash bailout!
These days probably not so. I wouldn't imagine there are any market makers left in NYSE and NASDAQ who aren't deploying FPGAs to gain a speed edge.
Bailout could imply government throwing a lifeguard
Almost all bailouts are investments, whether it's a government or private bailout.
The investments are questionable sometimes, but they're still investments.
If the answer is nothing and no, then it’s a bailout philosophically. If the existing investors get diluted then they’re in part paying for the new capital injection.