These companies work not for their employees, but for their shareholders. I suppose shareholders would have revolted if they hadn't increased investment to pote

These companies work not for their employees, but for their shareholders. I suppose shareholders would have revolted if they hadn't increased investment to potentially hit it big when they could. Turns out these investments didn't work out, so now they cut their losses. From a shareholder's perspective, I can understand this narrative as not foolish, rather courageous. From an outside (and employee) perspective, it can seem foolish though.