Start company.
Run it into the ground.
Go bankrupt.
Buy it back.
📈
Debts are gone might as well
You missed 2. Sell (IPO)company
I’m not sure what
heshe actually did as far as divestiture, but evidently he wasn’t the current owner. I wonder to what degree unreasonable growth expectations flushed the company.She
OP, you linked to the comments instead of the top of the article. 💀
So fraud? They defrauded the investors by destroying it. I bet she sold before the news the company is going under.
How about the data they sold
That’s exactly where all the value is. Selling people’s fucking genetic information. What makes it even more valuable is that it can be used against all subsequent descendants of the person that willingly gave it up. Do a DNA test like this and you’re selling out your entire family.
TTAM later said it had obtained backing from a “Fortune 500 company with a current market capitalization of more than $400 billion and $17 billion of cash on hand.”
That’s not at all concerning.
I thought they had already agreed the sale of the genetic data to another company?
All your DNA just got bought.
how the fuck did this company go bankrupt what did i miss
So glad I never did this one.
