Looks like a company buying dead startups. Weird. Maybe it’s just a company that is controlled by some VC or groups of VCs and that’s how they make their returns and number of exits look better. They also look less dumb.
They could get some economy out of these once high flyers that still have a user base by getting rid of most of their payroll and having management work across the various properties. It’s a graveyard but I’d assume they are structured such that they can reduce costs dramatically and suck these properties dry for a bit of profit.
