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Completely agree with these. Another is “My company has been bought by private equity, who’ve given us N years to make the company profitable.” I’m not sure wh
by ellen364 4y ago
Completely agree with these.
Another is “My company has been bought by private equity, who’ve given us N years to make the company profitable.” I’m not sure why it happens, but sometimes the recently purchased company goes on their own buying spree. (Maybe they’re given money to spend buying companies?) During the buying spree, the post-acquisition phase isn’t necessarily thought through and some companies get closed.
- dtagames 4y agoSometimes you just need people in a room who look like they are busy, especially to impress investors. No one actually looks to see if the division or acquired company is doing useful work, but it looks good to have them in the annual report and to mention how many "data scientists" and so forth they have working on the product -- a product which the investor knows nothing about and cares even less. They're just gambling on a hoped-for final outcome and believing that the next acquisition will fool the next investor into buying them out.