I think that their actual goal is to look profitable for the upcoming ipo so that the CEOs can cash a fat check and leave. They likely don’t care about what happens after that.
So the “become profitable while simultaneously destroying everything that made it valuable” platitude is more like “they’re cutting down the tree for the wood without thinking about the squirrels”
It’s more like “cutting down the forest to harvest the wood once” rather than “manage the harvesting so that it can be generating wood for generations”. It’s typical capitalism.
“Become profitable” is just their stated goal.
I think that their actual goal is to look profitable for the upcoming ipo so that the CEOs can cash a fat check and leave. They likely don’t care about what happens after that.
So the “become profitable while simultaneously destroying everything that made it valuable” platitude is more like “they’re cutting down the tree for the wood without thinking about the squirrels”
Yep.
Say the IPO is 9/1/23. The company wants to do anything they can to juice the numbers for that date, even if it means on 9/2/23 it crashes and burns.
When a company prepares for an IPO, every long-term metric is thrown out the window
Time to figure out if I can short it at the IPO
Not public yet, I’m afraid
It’s more like “cutting down the forest to harvest the wood once” rather than “manage the harvesting so that it can be generating wood for generations”. It’s typical capitalism.