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Sometimes the news just makes me want to say I told you so. As I said, whilst a novel and workable idea in principle, the trick was in the implementation. Mergers and acquisitions are difficult enough to pull off with more conventional business models and in better financial times. This was an idea doomed to fail.

I mean the thing that strikes me as most odd about this was the very high purchase price for the Pirate Bay site. Why would you pay millions to acquire what is basically a legal liability? It’s even more toxic than subprime loans, which can’t actually bite you on the ass, only devalue downwards and downwards. It’s like Brisconnections, most people willingly gave their units away for free! Ugh I don’t know. Why are people stupid?

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