4 ms·
Just because you buy a company doesnt mean you buy the contracts. Shit was on Smyte to tell its userbase.
by westpfelia 8y ago
Just because you buy a company doesnt mean you buy the contracts. Shit was on Smyte to tell its userbase.
- dahdum 8y agoDepends entirely on how you buy the company and structure ownership. Twitter is large enough to plan these details. I think it's fair to assume they are at fault until shown otherwise.
- jacquesm 8y agoIf you buy a company you do usually buy the contracts. Buying a company or the majority of the shares means you now own it, good and bad. If you buy the assets of the company then usually you do not buy the contracts unless they are specified as sold. In both cases if there are change-of-control clauses those could trigger with various penalties or rights becoming unlocked.
- huehehue 8y agoThere are a few reasons why it's probably not entirely Smyte's fault. Given that Smyte comms dropped off over the past month, as another commenter mentioned, there might not have been anyone around to warn the users. And if you're thinking "well they could just personally reach out to their customers if they're fired because it's the right thing to do" -- if the last-minute nature of everything is any indication, current/former employees were probably ordered not to say anything.
- s73v3r_ 8y agoThat should never be the case, and any jurisdiction that allows such is wrong.