The company is not destroyed. Board is not shutting down the company, they fired the CEO. The other ~700 people chose to quit. Not sure why it is "life-ruined"

The company is not destroyed. Board is not shutting down the company, they fired the CEO. The other ~700 people chose to quit. Not sure why it is "life-ruined" other than probably some tender offers withdrawn (and even this bit is unclear whether Thrive Capital will do that).