this post was submitted on 15 Sep 2023
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He's a VC CEO, he's there to pump the company for everything it's worth for maximum stock returns.
I just checked the stock ticker for Unity and it fucking tanked. So that can't be it.
No one said they were good at their job
I wouldn't put it past them to short their own stock while they make announcements then go long once things settle down...
How the fuck is that even legal?
It isn't. That would be Insider Trading.
But it doesn't stop people from trying (and sometimes getting away with) it.
Maybe it grew too big or the wrong way for their taste? Good reason to fire a few hundred and restructure.