Plaid

• The FinTech space is interesting.
• Colleagues are smart.

• The business has never really recovered to previous COVID heights, and valuation has been cut severely.
• Fast approaching need to raise more funding. And in the absence of revenue growth, leadership is cutting teams down to skeleton crews to boost short-term financials.
• Constant silent layoffs and no backfills that create a toxic environment around staffing.
• The new president operates as a very sr. program manager with no real product vision, and the CTO was never replaced.
• New 1033 legislation means the core business has a very uncertain future.

Management is doing the best it can in a changing market where Plaid's opportunity isn’t the same as it once was. I think their leadership isn't acting irrationally but dealt a difficult hand they’re unable to navigate out of. Continue cutting and sell the business.