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by darth_avocado
733 days ago
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All the financial difficulties were brought on by one person and one person only. The debt structuring was bad, but could work. Pre acquisition the revenue and profitability was growing. Instead of coming in, keeping things as is, understanding the business and making changes over time, he went spitefully nuclear and stripped the business back to bare bones. And that still would’ve worked, but instead he went ahead and antagonized the only source of revenue he had, the advertisers. At that point, the business no longer is viable. |
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