• TexasDrunk@lemmy.world
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        23 hours ago

        I mean, yeah.

        However, in this particular case I think the CEO was running this as a pump and dump for nearly a decade, claiming to be fully funded and having no board (because he claimed it was self funded), and giving himself massive raises year over year.

        So a private equity firm bought something hollow. I have some guesses about it. Probably a friend of his, probably got it cheap, and is about to gut whatever is left now that the guy who did own it got out with what he could. Why would PE buy it otherwise? There’s no goodwill or name to cash in on like what’s being done with Native Instruments.

  • whatsisface@sh.itjust.works
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    21 hours ago

    Don’t worry! Ashes of Creation is self-funded so it won’t have any of the issues that other new MMOs have.

    /s

    It also technically '“released” to make sure nobody gets their promised refunds.

    • MBech@feddit.dk
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      2 hours ago

      I was hoping it would become what they were trying to sell, but I had every expectation of it becoming everything that is wrong about MMOs. The biggest sign was demanding $100 for people to be alpha testers. You should be paying people that instead.

    • SleeplessCityLights@programming.dev
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      21 hours ago

      In 2019, I had a bunch of people try sell me on the game when they did the original node auctions. It was doomed from back then. I never thought the game would release.