Current Events > The problems at Unity do not originate with CEO John Riccietello.

(+) Yeah! (+)

He's a POS too, but he may not be the sole reason for the company's problems. So don't think things will get better if John resigns.

https://twitter.com/oleivarrudi/status/1702706966974362027?s=20

Quoted version if you need it:

In 2020 Unity went public, and a bunch of shit heads bought their way onto Unity's board of directors. Ultimately the CEO works for the Board, so when these new bosses tell him to do something self destructive, he does it.

Here are the names you should be talking about instead of John:

Tomer Bar Zeev
Roelof Botha
Egon Durban

Remember IronSource, that dog shit monetization company that absolutely everyone in the industry dumped and was circling the drain until Unity bought them for $4.4 billion? Tomer Bar Zeev is the founder of IronSource, and following the merger he became Unity's 3rd president (alongside John and Marc) ... yes, this is the asshole who sold a package of malware under the guise of monetization software & ultimately the the root cause of this install tax. Given IronSource's history of malware, it's safe to say that the Unity Runtime will likely start getting flagged by antivirus programs and casually request admin rights during installation.

How Unity got infected with IronSource is that Sequoia Capitol and Silver Lake pledged to invest $1 billion into Unity if the deal went through. Frankly, the math doesn't add up for Unity to trade $4.4 billion to buy a plague blanket of a company, only to receive $1 billion in return. Especially when a rival mobile monetization company offered to pay Unity $17 billion if they called off the IronSource deal and merge with them instead. Unless...that $1b was for the sake of C-suite bonuses, in which case all of this makes perfect sense. But who the hell are Roelof Botha & Egon Durban, and why are they important here?

Roelof is a Director of Sequoia Capitol, Egon is the founder of Silver Lake, and both of them have ties back to Elon Musk...which is pretty telling for how fast Unity has caught on fire. If Egon's name is familiar, it is because he was on Twitter's Board and pushed to have them accept the deal for Elon to buy it out. He was thrown off the board when they found out he was just spying for Elon during the resulting lawsuit. He also was the one who helped Elon with his fake "Taking Tesla Private" scam. Roelof was the CFO of PayPal before it got acquired and has a long history of being involved with mergers that result in a lot of money for some, but absolute shit deals for end users.

Looping back to the top...I think John is done with Unity, but not in the "Yay, we protested hard enough to get him fired" kind of way the internet wants. I think he was done in 2020 when he went from being the guy actually running the company, to the guy who answers to a room full of investment fuck heads (of the 13 board members, 11 are investment managers) and then gets to take the blame for their shit decisions. I feel like the reason why he secretly sold his stock is because he knew this was a shit idea that was going to tank the company, but the board wouldn't listen. So he cashed out his stock and will be announcing his retirement at the start of Q4.

Don't be shocked when Tomer Bar Zeev gets named as his replacement.

Every time I see shit like this, the only thing I can think of is the tech industry is generally full of people who wake up every morning, bend over backwards, and ram their own heads up their asses before going in to work. On the business end anyway.

Really? Because to me I see a room full of rich guys laughing all the way to the bank as they tank companies they don't give a shit about like toys.

Mibahlzitch posted...

Really? Because to me I see a room full of rich guys laughing all the way to the bank as they tank companies they don't give a shit about like toys.

Same thing. Just a room full of people who absolutely love the smell of their own farts.

Seems like every time a company takes itself public is when it starts going to shit.

whoever wrote that has really bad grammar. it's hilarious that the quote version is a corrected version.

GuerrillaSoldier posted...

whoever wrote that has really bad grammar. it's hilarious that the quote version is a corrected version.

Yeah, I did the quoted version, lol.

Was an interesting read though.