Extremely misleading title. Many people will think the code will be made private but instead someone is making the company private. Taking a company private isn’t that bad inherently. Also that guy owns 77% already. Even with it being public, he makes the calls anyway. If you ask me, he sees in red hats decisions a market opportunity to take their spot.
When I was in 9th grade, I worked in a company that sold office material and we had random people working in to get their driver’s license. That is when I learned, people can read but won’t read. Not even only a sign.
This is a good thing though, since they now can focus on longterm visions and investments, instead of having to justify everything to the shareholders which want profits in every quarter…
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