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Following the description of the business model, I was mildly amused to see the name of the buyer: Goldman Sachs. "Doing God's work" indeed, Mr. Blankfein.
by 6stringmerc 11y ago
Following the description of the business model, I was mildly amused to see the name of the buyer: Goldman Sachs.
"Doing God's work" indeed, Mr. Blankfein.
- cm2012 11y agoGoldman Sachs declined to buy them, some other company did.
- puranjay 11y agoAs per the article, Goldman Sachs just looked at their books to understand the business model, then started offering their own version of the service. Doing what GS always does: take someone else's crap, wrap it in gold foil and serve it on a silver platter in the guise of 'legitimacy'
- ashurov 11y agoGoldman Sachs did even worse, they copied their business model and started their own department/company..
- 6stringmerc 11y agoAs others noted, it probably would've been more ethical just to buy the company outright, not simply doing "intellectual capital front running" they've frequently been accused of doing with actual capital.