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Advertising revenue in Twitter crashes by 50%
(lemmy.world)
nuff said
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this post was submitted on 15 Jul 2023
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The stocks had to be bought back first, then basically they could be turned in to the DTCC and the company gets delisted. That's how Twitter did it.
The other way is to naked short so much you've got enough shares to control the board and tank the company from inside then you don't have to do a buyback because there's no company. This will be reddit's future if they even get to ipo at this point.
The more realistic death is a buyout, merger and dismantling. That's how the vast majority of publicly traded companies die. Bought my a larger organisation looking for a deal on your IP, userbase or reputation who then sells off all physical assets, offshores all talent and outsources all capabilities. They retain the brand equity which then gets rinsed through a range of products that are smaller and smaller before quietly being shelved. See GEs dismantling of RCA, the death of GE itself, and every company EA has ever bought.