Smart or Selling Out?
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_Goldie_
Members, Moderators, Writer Posts: 30,349 Regulator
I just read Tidal was in talks of selling the company to Samsung. Which made me think of other black owned /partially owned company's that were sold to big/white owned corporations like Beats By Dre, BET, Def Jam, etc.
Do you think that's just part of business to buy/start low and sell high or are you "selling out" and doing more harm than good in the long run?
Do you think that's just part of business to buy/start low and sell high or are you "selling out" and doing more harm than good in the long run?
Smart or Selling Out? 36 votes
Smart
66%
24 votes
Selling Out
33%
12 votes
Comments
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WELL...
U DO GO INTO BUSINESS TO MAKE AS MUCH MONEY AS POSSIBLE....
BUT I GUESS BLACKS SHOULD HAVE SOME SENSE OF OWNERSHIP AND STOP WORRYING ABOUT A QUICK DOLLAR... -
WELL...
U DO GO INTO BUSINESS TO MAKE AS MUCH MONEY AS POSSIBLE....
BUT I GUESS BLACKS SHOULD HAVE SOME SENSE OF OWNERSHIP AND STOP WORRYING ABOUT A QUICK DOLLAR...
Welp, that pretty much concludes this. Close thread -
Smartit truly depends on what your goal was from the jump imo..
i men most people go into business for the money, so as the old saying goes...
"know when to hold them know when to fold them"
ESPECIALLY if they're strong business minded to begin with.....because now they have a lot more money to start another business with....
as long as they stay busy, keep building....and leave something to pass down to the next generation, i see no issues with taking a buy out -
Smartcompanies are sold everyday. Just for the person that started it to get financed to start another one. Then turn around and sell that one.
Can that business grow anymore - Yes or No.
If it cant Sell
If it can, Do you have the finances to grow - YEs or No.
If No, Sell
If yes find investors or sell at growth level. -
I understand that's a part of business, but we hear all the time that we need to support black owned business' and keep the money in our communities , but if all you're going to do is sell it to a white corporation, at the end we're still going to be at square 1.
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lol that didnt answer anything. That made points for both sides. Which one is right tho? -
It's not that black or white. Few things are. Also, those things aren't mutually exclusive. Definitely could be both.
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SmartBlack owned on a corporate level is subjective at best. Jimmy Iovine own part of Beats Electronics so is it a "Black owned company.
Was Smart water a black owned company because 50cent invested in it?
Small businesses you can have that mindset but on a corporate level board members and investors are who you are making rich. They are usually different colors. -
lol that didnt answer anything. That made points for both sides. Which one is right tho?
It's subjective. Welcome to the 7th chakra. -
Selling OutA businessman is going to do what is in HIS best interest to do, all that "buy black," ? is a marketing scheme just like "Made in the USA" was.
The individual is in it for himself and his family, non people who do not have a stake in his business or success.
Over and over again y'all keep being shown the most important thing in the US is the money. People start businesses with all kinds of great socially conscious ideals but they sell out because its in their best interest to do so.
Its not just "buy black" either its all these various "organic" fruit juices, all these "healthy alternatives" its all just clever marketing, in the end you dangle enough money out there nobody else matters.
Thats the nature of the beast. -
lol that didnt answer anything. That made points for both sides. Which one is right tho?
ITS EITHER OR...
LIKE DU SAID.. WHATS YOUR PLAN?.. U WANNA MAKE MONEY OR U JUST WANNA BE A PROUD BLACK OWNER.. NO CHOICE IS WRONG -
i think selling out is when you compromise yourself to get crumbs..
this is a business move.. no one is looking like a tapping ? .
only flaw i can see is selling too early...but if its still making almost double back....is it really a flaw -
So nobody thinks it was a bad move to sell BET?
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WELL...
U DO GO INTO BUSINESS TO MAKE AS MUCH MONEY AS POSSIBLE....
BUT I GUESS BLACKS SHOULD HAVE SOME SENSE OF OWNERSHIP AND STOP WORRYING ABOUT A QUICK DOLLAR...
what may seem like a quick dollar maybe be a profitable pill for a migraine.
we dont know whats goi9ng on behind the scenes -
Samsung is actually a Korean based company.
As far as the investment in selling the company it's smart especially if it's struggling as much as advertised.
I don't know many people who will stay true to something costing them money when they can sell it either at a profit or break even.
When you're in a business generally your loyalty is to the dollar; don't let Beyoncé and Jay occasionally doing pro Black ? make you think otherwise I'm not saying they don't care for the cause but they care for their money more. -
He shouldn't sell it. I thought it was about supporting a black business.... Anyway, I don't really give a damn. I'm still ? i can't find some of jigga songs on youtube... Jigga is suckering his fans with that tidal exclusive. I'm not paying for ? but i did invest in Tidal. So my money gonna be looking real good.
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SmartAll the artists that invested into title that have owner ship will now get a good flip on their money.. Also this works for Samsung because now they will have a competitor for Apple Music.. This makes perfect sense on all fronts..
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Jay always does that.
Pretty much his M.O.
Probably a smart move on his part, because he usually sells companies right before they're about to tank.
Just look what happened after he sold Rocawear. -
So nobody thinks it was a bad move to sell BET?
It was a bad move for fans of the network considering what it's become now.
However, for Bob Johnson, he was probably thinking......."y'all wanna pay me $1 billion for BET????"
SOLD!!!!!! -
Smart, didn't seem to be doing too well. Hopefully they do it again - but better.
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I think the answer is circumstantial.
The internal struggle of individualism vs. collectivism isn't just the plight of every black american - it's an american problem and it's a microcosm of how our capitalist society struggles with balancing it's fundamental strengths vs. weaknesses.
Moreover, the daily internal struggle of deciding between being a collectivist vs individualist impacts us (blacks) as a collective more than others, because other social groups are afforded a wide margin of error and are permitted to be more selfish - without it negatively impacting their communities.
So obviously our communities would be better off by adhering to a more collectivist mindset but that's easier said than done. Especially when circumstance & opportunity is taken into account; it's irrational to expect one to completely subscribe to a collectivist mindset when making business decisions. -
2stepz_ahead wrote: »WELL...
U DO GO INTO BUSINESS TO MAKE AS MUCH MONEY AS POSSIBLE....
BUT I GUESS BLACKS SHOULD HAVE SOME SENSE OF OWNERSHIP AND STOP WORRYING ABOUT A QUICK DOLLAR...
what may seem like a quick dollar maybe be a profitable pill for a migraine.
we dont know whats goi9ng on behind the scenes
True.
Bloomberg News did a segment a few weeks ago about how all of these streaming companies'.....Spotify, Pandora, etc.......stock value has plummeted over the past year or so.
Jay's probably starting to realize that it's not as big of a business opportunity as he originally thought. -
SmartSo nobody thinks it was a bad move to sell BET?
I dont... at the end of the day because you sell your company don't mean you are "less black" fubu got sold and guess what dude still black...
people have to seperate racism and classism...
the same ? who would bytch about selling bet... don't know how close bill Cosby was to buying nbc... a WAY bigger company...
or don't understand that the rights to the Beatles is owned by Michael Jackson's estate now..
it's all about money and making smart business moves.. -
Smart
and his share of the nets...Jay always does that.
Pretty much his M.O.
Probably a smart move on his part, because he usually sells companies right before they're about to tank.
Just look what happened after he sold Rocawear.
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