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Joined 1 year ago
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Cake day: June 13th, 2023

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  • I found the following comment on HN fairly insightful:

    That’s why my guess was going to be: “financialization” … buy the company, profit like crazy by selling it assets and taking on debt, cut R&D budgets, cut marketing, provide fat compensation for C-suite and board… bankruptcy ~5 years later after someone else is holding the bag. The playbook is practically as American as baseball these days. Even more so when tax payers get to pay for the bail out.

    I’ve seen it happen first hand, not all the way to bankruptcy, fortunately…