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imglorptoday at 3:54 PM3 repliesview on HN

This feels correct. Their business model is squeezing anyone who can't migrate off their properties and suing the rest.

Why would go $58B in debt to support a new feature that no one will want after alienating everyone above?


Replies

jollymonATXtoday at 4:00 PM

They have not pulled the pin on the ZFS grenade yet, but I expect at some point it happens.

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onlyrealcuzzotoday at 9:41 PM

Because you can get the government to buy it via corruption?

toomuchtodotoday at 4:00 PM

> Why would go $58B in debt to support a new feature that no one will want after alienating everyone above?

Short term shareholder equity gains during an over exuberant hype cycle you do not know when might repeat.

"As long as the music is playing, you've got to get up and dance." -- Citigroup CEO Chuck Prince (symbolizing Wall Street's reckless persistence in risky lending despite signs of a market downturn)

The Overvaluation Trap - https://hbr.org/2015/12/the-overvaluation-trap - December 2015

> The trap is an almost inevitable consequence of what many managers might regard as a blessing, because it occurs when the capital markets overvalue a company’s equity—and especially when stock overvaluation is common in a particular sector. In the following pages, we’ll describe the trap, show how it has played out in various industries, and suggest where it may be playing out once again.

"If you're playing a poker game and you look around the table and and can't tell who the sucker is, it's you." -- Paul Newman

Edit: tsunamifury wrote a prescient comment a decade ago, referencing the same hrb piece: https://news.ycombinator.com/item?id=10851527