Tldr: They’ve been going through this cycle of consecutive huge successes and consecutive flops for decades but this is the worst series of flops in the company’s history
The people who decide to go public are looking to cash out, and the future survival of the company is not a factor in the decision. The lesson is not learned because it’s the corporate equivalent of starting a heroin addiction on purpose
Tldr: They’ve been going through this cycle of consecutive huge successes and consecutive flops for decades but this is the worst series of flops in the company’s history
My guess is because of shareholder pressure
Of course, the lesson to be learned that no company ever learns: Don’t go public. Don’t ever go public!
The people who decide to go public are looking to cash out, and the future survival of the company is not a factor in the decision. The lesson is not learned because it’s the corporate equivalent of starting a heroin addiction on purpose