i mean, depending on what do you want to do, this might be a good idea. their motivations remain unknown, maybe they wanted to burn the place to the ground before an ipo, you never know
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
i mean, depending on what do you want to do, this might be a good idea. their motivations remain unknown, maybe they wanted to burn the place to the ground before an ipo, you never know
I’d bet there’s gonna be some
SaudiHouse of Saud money in that IPO.as in, who would like to see that place burn? like russian govt wanted to, and did destroy livejournal because it was a nest of opposition. i don’t know who would that be, but there are some solid candidates
I admittedly don’t know much about IPOs, but…wouldn’t that tank the value and lessen the profit from said IPO?
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