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As I understand it, this also reflects recent decisions by The Fed. In that past, when money was cheap and easy to come by a company like BowFlex could tred wat
by chiefalchemist 3y ago
As I understand it, this also reflects recent decisions by The Fed. In that past, when money was cheap and easy to come by a company like BowFlex could tred water (at least a bit longer than usual). That luxury, that life line is no longer available so bankruptcy sooner rather than later becomes the only choice.
Same / similar can be said of tech companies and recent layoffs. The financial salad days are over. Now it's pay your own way (i.e., make money) or sink.
- duskwuff 3y agoI don't think that's all that's going on here, though. Bowflex has been in business since the 1980s, and IPOed in 1999 -- it's hardly as though they were a recent startup burning through VC money.
- chiefalchemist 3y agoFed decisions are reflected in the ability to get loans, the terms of those loans, the confidence of investors, etc. The money supply and Fed decisions have broad and far reaching impact on the financial system. And yeah, sure VCs as well.