> On the bright side, the new CEO ran the company into the ground.
I've seen this up close several times, and countless times afar. Successful company gets bought by bigger company, new owners replace the successful management, new management runs company into ground in short order. Remains possibly sold for scraps to former competitors.
Like... is there something they're getting out of this I don't fathom? Or are they just repeating the mistakes of others again and again and again?
It's often hubris, but I have personally seen it done to dispose of competition. They could have decided to be better at running their own company, but, of course, big corporations don't work that way. Nope, buy that troublesome startup, run it out of gas, problem solved.
I've seen this up close several times, and countless times afar. Successful company gets bought by bigger company, new owners replace the successful management, new management runs company into ground in short order. Remains possibly sold for scraps to former competitors.
Like... is there something they're getting out of this I don't fathom? Or are they just repeating the mistakes of others again and again and again?