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Let's ignore the fact that TK is a garbage fire for a moment and talk about what an utter disaster this move is. A smarter contributor than me write a good arti
by moomin 9y ago
Let's ignore the fact that TK is a garbage fire for a moment and talk about what an utter disaster this move is. A smarter contributor than me write a good article that basically said you shouldn't own something you're not contributing to. By this logic he should be selling his stake right now. Except no-one wants to buy it. Which leaves an IPO, which is a tough ask for a firm that's never made a profit and, AFAICT, not even on the board's radar.
That or this is a temporary face-saving measure that doesn't really change anything, and that's a disaster too.