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Did they have a working business plan? Step 1: Copy Reddit Step 2: ? Step 3: Profit!
by cable2600 7mo ago
Did they have a working business plan?
Step 1: Copy Reddit
Step 2: ?
Step 3: Profit!
- rchaud 7mo agoStep 0: acquire the company through a leveraged buyout by the CEO's own private equity firm [0] Step 1: speed-run into the ground while loading it up with the debt of the purchase price and paying yourself management fees. Step 2: close up shop, write down the loss and reduce tax liability for next year? [0] https://techcrunch.com/2026/01/14/digg-launches-its-new-reddit-rival-to-the-public/ https://techcrunch.com/2026/01/14/digg-launches-its-new-redd...