856
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 24 Jul 2024
856 points (99.1% liked)
Technology
59456 readers
3931 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Have we reached "The Producers" level of capitalism where someone has figured out how to make more money from a company tanking than from it succeeding? CrowdStrike, Twitter, Coyote Vs ACME...
Either we have a series of complete buffoons in charge of companies, or someone has found a way to profit from failure. I'm not sure which is worse.
Why not both. Think about it, one is the solution to the other.
We've been there for a while. Not what happened in the op, but a leveraged buyout into asset stripping the company and closing it down is a classic combo since the 80s. It's what all the "management consulting" firms that popped up around that time did