Comment on GoPro says it's moving into AI data centers as part of a $285 million merger
ToiletFlushShowerScream@piefed.world 4 weeks agoI thought they had a very mild IPO 10 ish years ago.
Comment on GoPro says it's moving into AI data centers as part of a $285 million merger
ToiletFlushShowerScream@piefed.world 4 weeks agoI thought they had a very mild IPO 10 ish years ago.
gravitas_deficiency@sh.itjust.works 4 weeks ago
Sometimes corps go private at some point after an IPO when PE buys them up. Lots of companies have been driven into the ground that way, because all PE cares about is extracting maximum capital from the entity in the shortest span of time, which naturally ends up being a “squeezing blood from a stone” dynamic, and usually kills the corp. But this is known and accepted by the PE firms because they do not give a shit about the company. Only the capital they can extract from it.