• NateNate60@lemmy.world
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    4 days ago

    Unlike what the title would suggest, the “moving to Texas” part was basically immaterial to the company’s failure.

    They never had any product to ship to begin with and were basically subsisting on loans and venture capital money to continue bullshitting with a theoretical product. Add in some dodgy regulatory practices resulting in fines from the Government and questionable business practices. When the funding dried up, they withered like a sponge in the California (or Texas) sun.

    • adarza@lemmy.ca
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      4 days ago

      perhaps the move to a human-hostile environment such as texas cost them some good employees.

      • NateNate60@lemmy.world
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        3 days ago

        The entire point of my comment was to indicate that this had seemingly little to no impact on the company’s success. Even the best employees in the world can’t save a company that is shipping no product and run by idiots.

      • ExcessShiv@lemmy.dbzer0.com
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        4 days ago

        Reading the article, that doesn’t seem to have had the slightest impact on this. They tanked because of shitty and sketchy management

      • ABCDE@lemmy.world
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        3 days ago

        The person already said it wasn’t because of that, no need to “perhaps” by disregarding the effort they went to.