The founders are the villains of this piece as much as Krafton. They sold out for a big payday. This was all very predictable.
You’d have to really dense to think that Krafton is going to come along with half a billion dollars and just let things carry on as usual.
They think they’ll be the ones ordering the executions.
“Mysterious”? It’s eight there in the name.
… pay packages of up to $300 million over four years, with more than $100 million in total compensation for the first year…
He’s really just creating the next generation of tech bros. This is how they reproduce. Someone drops a huge sum of money in their laps for being smart in a niche computer field. That money balloons their egos to the point of making them think they are smart at all the things. And, voilà, a techbro is born. The misogyny, racism and infatuation with eugenics comes naturally after that.
ACE is more like a franchise than other retailers. Most are locally-owned. Some are employee-owned.
They literally sold out. They sold the company. And, they sold it to a corporation whose portfolio is littered with microtransactions.
What losses? Were they not profitable?
Yeah, that’s the selling out part.