Famed investor Warren Buffett once said, “It’s only when the tide goes out that you learn who has been swimming naked.”
In other words: An investment may appear promising up to a point. If the company you invested in is too leveraged and the tide turns, everything becomes exposed. And the investment gets spoiled.
Crowdfunding platform StartEngine has announced a buyout deal to acquire competitor SeedInvest from the Circle Internet Financial affiliate Pluto Holdings in a deal that will combine two of the largest equity crowdfunding platforms in the market.