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UncleMeat 2 hours ago

Then Bezos shouldn't have bought the newspaper. Especially if he wants to intervene in its coverage to avoid pissing off Trump.

"Buy a newspaper and smash it to bits while submitting to fascists" is bad, whether or not his investment is underwater. How much money has Bezos lost on the WP? I have a very small violin for him.

mc32 2 hours ago | parent [-]

Lots of acquisitions in retrospect were bad or didn’t work out. Buyers don’t usually go in knowing it’s not going to work. Sometimes companies buy others for IP or to block competitors from IP even if the company acquired is getting shut down. Most of the time it’s because they see an upside -sometimes that goes sideways.

He may well have thought _he’d_ be able to turn it around —like buyers of perennially losing sports teams and then he figured out he was wrong. It happens without malice —if anything it’s seldom due to malice. People don’t like losing money.