this post was submitted on 30 Nov 2023
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Sure is. Lower prices to entice them to come back and stem the bleeding.... It will be a spiral down from there as this does not seem to be salvageable.
A textbook example of what happens when you tear down things of which you don't understand why they are there.
At the end he might sell it off for parts to some other techbro.
Anyway...
If there's anything left to sell after all the debtors. His genius plan to save money by not paying any bills isn't a great long-term business strategy. Not to mention that billions in debt settled on the company just by buying them. It's like buying a Ferrari, digging around in the seats for loose change, and then setting fire to the Ferrari while screaming at Mickey Mouse that you won't be blackmailed with money.
It's so fun to watch.
Considering how the company is leaded with debt, I wouldn't be surprised if a single € would be overpaying currently.
Chesterton's Fence
Sadly, that will probably work. Just like it did the last couple of times. Or just wait a month.
It will bring them back for a while, but as that happens their earnings diminish and the company debt increases.