Thoma Bravo takes Toast private at a discount.
You brought the board proof that per-cover owners spend 2.4x more, a year behind DoorDash, after the stock halved.
The board admires the slide, then the share price, then the door. By May, your parking spot has a new name on it.
The Buyer: Thoma Bravo pays 25% over a very sad market. We'll cut the agent and keep the swipe.
The Buyer: Restaurants open and close every week. Card fees, somehow, never do.
Outcome: Lost as a feature
Toast IQ as an add-on bought you a year. DoorDash used it to get into every owner's texts first. Being right late still loses.