The MBAs are going to extract as much value as they can for themselves while they ride it to the bottom. Private equity will buy it at the bottom, sell off the profitable bits. Then IPO some hollowed out shell to clueless investors who will lose their money. The name will eventually be owned by a Chinese company that will slap it on Temu products.
The MBAs are going to extract as much value as they can for themselves while they ride it to the bottom. Private equity will buy it at the bottom, sell off the profitable bits. Then IPO some hollowed out shell to clueless investors who will lose their money. The name will eventually be owned by a Chinese company that will slap it on Temu products.