• BananaTrifleViolin@lemmy.world
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    7 months ago

    Makes sense from a business point of view. Why sell to create a new competitor with the same technology and an impregnable market base in the USA?

    Better to force US competition to start from scratch.

    • OldWoodFrame@lemm.ee
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      7 months ago

      For money. Whoever buys it has to pay you for it. Shutting down just means leaving a gaping hole in American social media that some other company will fill and you’ll be in the same position but with less money.

      • FiniteBanjo@lemmy.today
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        6 months ago

        Yeah I agree, there really is no incentive for a for-profit company to choose shutting down over selling. Unless they never cared about profit and had ulterior motives from the very beginning.