this post was submitted on 24 Jul 2024
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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