MariaDB plunges nearly 40% in NYSE debut after SPAC merger

Not quite following why MariaDB is even a listed company? It&#x27;s a solid database sure but traditional relational DB isn&#x27;t exactly a bleeding edge killer feature these days<p>What was the intended differentiating hook?

SPACs are setup by people who couldn’t figure out how to launch a DAO token scam.

&quot;About 99% of the shareholders of special purpose acquisition company Angel Pond got their money back before the merger was completed, wiping out about nearly $263 million in capital that the companies had projected could be raised in the deal.&quot;

&gt; MariaDB&#x27;s eponymously named open-source software ...<p>I&#x27;m sure they meant &#x27;eponymous open-sourced&#x27;, as <i>named</i> is implicit in the meaning of that word, but I&#x27;m less confident whether an eponym can be granted based on a familial naming attribution?<p>A few years ago I had a weird exchange with someone on these forums who enlightened me about the maxscale licence change, and identified this as a key turning point (not in a good way) for the MariaDB community&#x27;s shift in attitude. [0]<p>I grew up with MySQL, even met Monty one time at a London meetup, moved to MariaDB at the appropriate time (around when Debian switched over), but have since embraced the joy of PostgreSQL (mostly because that&#x27;s what we use at work). Not that PostgreSQL is without architecture &#x2F; licensing complexities on the HA front.<p>[0] <a href="https:&#x2F;&#x2F;www.infoworld.com&#x2F;article&#x2F;3109213&#x2F;open-source-uproar-as-mariadb-goes-commercial.html" rel="nofollow">https:&#x2F;&#x2F;www.infoworld.com&#x2F;article&#x2F;3109213&#x2F;open-source-uproar...</a>

We need a better mechanism for companies to go public. The traditional IPO is a ripoff and SPACS are scams. It&#x27;s great that companies like MariaDB are able to raise money in public markets, though.

Can someone please explain what that means. I know MariaDB but understand pretty much nothing else here.

Hopefully SPACs are cooked after this and the other recent bad SPAC news.

The corpse of MySQL just can&#x27;t catch a break.

It&#x27;s losing incredible amounts of money... how is it possible to still have 650M market cap when you lose almost as much money as you have revenue... and next year doesn&#x27;t look that much better...

I don&#x27;t really know the company, how is it possible to lose so much money? It seems to me that 350 employees are too many for such low sales, maybe half, or a third or even less, could be sustainable.

Is plunging 40% bad? Square, Paypal, and etc. decreased way more than that.

Why is MariaDB on the stock market?

Is MariaDB looking for different ways of investment to achieve their corporate goals?

An example that you don&#x27;t have to just be smart and hardworking in order to succeed in business. You need to be lucky as well. MySQL was the right product at the right time.<p>Edit: Forgot the &quot;just to be smart and hardworking&quot;

FTR in 2018 MariaDB Corporation acquired Clustrix, it&#x27;s not just the MySQL fork under this corporation.

way too many IPOs &amp; SPAC mergers recently…

Here&#x27;s an even more dramatic one, <a href="https:&#x2F;&#x2F;www.google.com&#x2F;finance&#x2F;quote&#x2F;GETR:NYSE?sa=X&amp;ved=2ahUKEwiflIKYr4n8AhWlGzQIHQjkCHoQ3ecFegQISBAY&amp;window=1M" rel="nofollow">https:&#x2F;&#x2F;www.google.com&#x2F;finance&#x2F;quote&#x2F;GETR:NYSE?sa=X&amp;ved=2ahU...</a><p>$10 a share to $0.96 in 2 weeks, 90% loss.