@pluralistic Then, of course, everyone will notice that Vice used to be valued at 5.7 billions and that burning all that cash is proof of incompetence.
I will simply answer that burning billions in cash is not a problem, when it is not your money.
(3/5)
@pluralistic Do you really know who was owning these billions in today's opaque financial world? Haven't there been enough scandals about bankrupt companies where it was found that valuable assets had been siphoned out before the leaders started a chain of apparently stupid moves? Aren't there enough ways to let the small investors alone with the empty bag?
(4/5)