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A comment on Netlify Acquires Gatsby. Parent comment

Re:Netlify Acquires Gatsby by tmpz22 on Wednesday February 01, 2023 @12:25PM (#34614013)
I would guess its a down-round type of acquisition at the urging of Gatsby's investors and founders. They raised 10M+, this allows their investors and founders to get some liquidity back and Netlify picks it up on the cheap.
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Re:Netlify Acquires Gatsby by cfltlayoffs on Wednesday February 01, 2023 @12:37PM (#34614266)
Yeah I've seen this for a bunch of startups that weren't profitable and struggled to close a new funding round. They pay back the VCs, the employees get zeroed out, and the execs usually get a retention bonus in the 6 figure range.
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