ST Alpha - "the full thread of posts I saw earlier tell the story better than those snips. it was going to be closed, instead they let the guy buy most of it," (Reading a Post)

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In response to "CollegeHumour appears to be going independent ... at the cost of 100 layoffs. -- (link)" by Beryllium

the full thread of posts I saw earlier tell the story better than those snips. it was going to be closed, instead they let the guy buy most of it,

Posted by b. (aka starrynit) Jan 8 '20, 16:13

he simply doesn't have funding (on his own anyway) to keep the full staff; but he's hoping to keep the most popular offerings going and get it to be profitable (which it wasn't).

hopefully he'll get someone else to buy-in and get some more staff back. a reorg like that is more likely to happen with an insider than from a for-profit parent. that the last owner is still keeping a stake is also a promising sign they think he can be successful.

here's the thread. (twitter.com)

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Yeah, I've heard that sort of story before. It is exceptionally hard work to pull it off. Good luck to him. -- nm - Beryllium Jan 8, 16:23 1
- oh yah, won't be easy; but hopefully he'll make a good go of it. -- nm - b. Jan 8, 16:50

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the full thread of posts I saw earlier tell the story better than those snips. it was going to be closed, instead they let the guy buy most of it,

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