alt Hacker NewsIt's called butt cigar investing or corporate raiding.
They acquire startups and companies without a huge growth potential but modest cash flow and little profits.
They cut the operating expenses to the minimum and jack up the prices to sky rocket profits till their mathematical models will tell them they will profit on the investment.
Rinse and repeat.
Have there been any serious legal efforts to make this less profitable? It's very clearly detrimental to society.