Seems like a big win for the general public: a company responsible for a toxic cesspool goes under while one of the most obnoxious billionaires gets their ego checked.
Sucks for the employees that are collateral damage though.
This is such a great way to look at this. I'm sad that the employees will lose their jobs but the fact that so much money is being invested in this and going to Mars but we can't stop kids from being killed during school, feed kids lunch if they are starving, or make any real impact on climate change should awaken us to the fact that we've been increasingly played since the 60's.
Heck, even cesspools are great if you use them right.
But it's not fun to be in a cesspool, and it's not fun to have a knife in you, and having a knife in you while you're in a cesspool is just about the worst.
The employees are not innocent. If you do such a bad job that you attract the ire of a huge portion of users and a billionaire willing risk it big to buy out the company to correct the ship then maybe it is time for some self reflection.
The people responsible for company direction decisions like that are the ones who will be profiting most from this, though. They're the C-Suites who were likely to have the most stock, have severance packages (which they'll certainly sue for and get).
Sucks for the employees that are collateral damage though.