this post was submitted on 10 Oct 2023
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Technology
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He cash out his stock, tried this clown moved as he was instructed by the BoD, it didn't work.
He gets more money and he gets to exit...
Nothing to celebrate. They will try something similar soon enough and by then public will be beaten up enough to accept it as it happen with everything else.
Enshitification appears to be unstoppable.
Vote with your money and feet folks
Yes, this is totally a symbolic move and nothing has meaningfully changed at Unity. Riccitiello is probably walking away with many millions of dollars and the rest of the leadership team who were fully onboard with the new licensing plan are still there. Once the negative press dies down, Unity will try something equally shitty again.
Developers would be foolish to trust this company ever again.
About that, he did sell a portion of his Unity stock a week before the happening, but wasn't it something like only 5% of his portfolio?
Enough for living expenses ;)
Why would he liquidate entire position which would draw extra attention