Better yet, they buy a company, take a loan out against the company, pocket the cash and then leave the struggling company with the extra debt. When it dies they leave the scraps to be sold and employees and others owed money are left out to dry.
They’re VCs, they’re not here for the long run: they’ll replace the employees with AI, make record profits for a quarter, and sell their shares and leave before problems make themselves too noticeable to ignore. They don’t care about these companies, and especially not about the people working there
SocialMediaRefugee@lemmy.world 1 week ago
tibi@lemmy.world 1 week ago
And when the economy goes boom, they will ask their friends in the White House for a bailout