Tldr: They’ve been going through this cycle of consecutive huge successes and consecutive flops for decades but this is the worst series of flops in the company’s history
With the rise of private equity, you don’t even have to go public to sell out anymore. So many companies in operation today are empty shells puppeted by private equity firms who buy any company in any industry just to squeeze every last bit of profit out of them before throwing them away.
Just look at the veterinary industry and the mass disappearance of vet practices owned by the doctors who work there.
The people who decide to go public are looking to cash out, and the future survival of the company is not a factor in the decision. The lesson is not learned because it’s the corporate equivalent of starting a heroin addiction on purpose
Tldr: They’ve been going through this cycle of consecutive huge successes and consecutive flops for decades but this is the worst series of flops in the company’s history
My guess is because of shareholder pressure
Of course, the lesson to be learned that no company ever learns: Don’t go public. Don’t ever go public!
With the rise of private equity, you don’t even have to go public to sell out anymore. So many companies in operation today are empty shells puppeted by private equity firms who buy any company in any industry just to squeeze every last bit of profit out of them before throwing them away.
Just look at the veterinary industry and the mass disappearance of vet practices owned by the doctors who work there.
The people who decide to go public are looking to cash out, and the future survival of the company is not a factor in the decision. The lesson is not learned because it’s the corporate equivalent of starting a heroin addiction on purpose