• Ech@lemmy.world
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    1 year ago

    maybe they wanted to burn the place to the ground before an ipo, you never know

    I admittedly don’t know much about IPOs, but…wouldn’t that tank the value and lessen the profit from said IPO?

    • skillissuer@lemmy.world
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      1 year ago

      sure, if your incentives are purely economic, then it does not make sense. but, just look at what musk did with twitter - he burned bulk of its value, sure, but he also had ideological incentives to flood that place with altright chuds, and that worked. this does not make sense here tho