alt Hacker News> Their goal might be be to acquire, dramatically cut costs, and then run the product for as long as they can at a profit before breaking it down and selling it off
In the 80's people who did this were known as "corperate raiders". Nowadays it's just called business.
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I've heard vulture capitalist used to refer to that too
Corporate raiders is a bit of a different concept. That implies a hostile takeover. Like aggressively buying up shares in order acquire a majority stake and set company policy against the wishes of other insiders.
Bending Spoons is what we'd call vulture capitalists which have and continue to exist. Basically they buy weakening businesses and carve them up for parts, selling anything of value and squeezing max revenue of whatever is left.
"corporate raiders" are a definitely real thing.