Technology

Bending spoons are a bunch of no-talent hyper capitalist private equity fuckwits whose core competence involves acquiring companies and cutting any novel, interesting, or long term projects that require any investment whatsoever to the bone, regardless of whether or not said cuts destroy long-term core competencies, and then extracting as much value as possible from the remains until it goes tits up. They are a plague of a company, and they’ve sucked the life out of more than a few companies that don’t deserve to have been parasitized like that.

This fluff article is comically obvious, disingenuous, and gross. They are a bad company, and they provide no real value to anyone except their shareholders. Which, I guess, makes them “successful” in this day and age.

Source: worked at a company they acquired. Left before the acquisition, but I had some good friends who were still there when it happened. They cut upwards of 90% of the staff, hollowed out the parts of the business that, while less profitable, was by far the most interesting and challenging technical domain and enabled novel R&D, and converted from primarily B2B to a direct-to-consumer subscription model that completely flopped.