Squarespace was my first experience with a hellish technical interview process back in 2014. I went through like 4 initial screens/take-home assignments for a {something} Analyst role that was considered entry level. I eventually gave up, and from that moment on, I hated Squarespace as a company. These take home assignments weren't even relevant for the role, yet they thought it made sense to inject it into the process. I'm glad they're 1 step closer to their demise.
I always understood it as an artificial way to reduce the applicant pool. Too many people apply, you just want to make it annoying to keep a number of people you have capacity to review in depth.
This is some serious cherry-picking. It's going private at a price below the initial IPO price of $48 from 3 years ago, and has generally significantly underperformed other tech stocks.
They might not be about to die, but they're not exactly healthy either.
Because it's an extended period, with a simple round time window that doesn't include the IPO pop from the frothiest IPO environment of the last decade. Happy to have gone with any time window outside of 2021. That should be clear from my comment.
"But, Creddit", the ignorant accuser of cherry-picking whine, "why after 2021?"
Square space IPOd in a borderline delusional environment of retail investing, stimulus money, and massive free cash flow. Pretty much every IPO from that era looks awful on paper, but the companies are fine balance sheet wise.
