Is this another ESG style scheme that I don't know about? I think you're right overall though. They were diversity hiring like crazy and part of it was them trying to fake growth, it seems to be a common trend even with 'legit' tech companies that have products. It was really noticeable though when it was some pet project someone was doing in order to make it look like a growing company so they could get bought out by something bigger.
Not ESG directly, just an outcome of the near 0% interest rates and QE practices the Fed has kept rolling along for years. If you can get billions of dollars in loans that you only have to pay back at pennies on the dollar, that is basically free money.
Is this another ESG style scheme that I don't know about? I think you're right overall though. They were diversity hiring like crazy and part of it was them trying to fake growth, it seems to be a common trend even with 'legit' tech companies that have products. It was really noticeable though when it was some pet project someone was doing in order to make it look like a growing company so they could get bought out by something bigger.
Not ESG directly, just an outcome of the near 0% interest rates and QE practices the Fed has kept rolling along for years. If you can get billions of dollars in loans that you only have to pay back at pennies on the dollar, that is basically free money.
The other parts of the western world were doing it too and wrecking normal peoples savings, other businesses etc.