3 ms·
It doesn't usually happen that fast, but that's pretty normal too, isn't it? Typically the buyer cuts the quality of the business down to the bone and stops al
by fallingfrog 4y ago
It doesn't usually happen that fast, but that's pretty normal too, isn't it? Typically the buyer cuts the quality of the business down to the bone and stops all investment in the future of the business and tries to extract as much profit as they can from the brand name recognition and existing infrastructure before the company goes bankrupt. Then they sell off the remaining assets for scrap. It's like a controlled demolition.
If Elon follows this model, all updates to the site will stop and the amount of advertising and other forms of money extraction from users will skyrocket, and then as the site bleeds out users he'll eventually sell the IP and any other assets before having the firm declare bankruptcy so that he doesn't have to pay back the loans.
- toast0 4y agoYeah, the speed is surprising, usually you get 6 months to 2 years of close to business as usual before the cost cutting starts.