PROSUS CEO UNLEASHES BILLION-DOLLAR BLOODBATH, DECLARES WAR ON HIS OWN COMPANY. In a SHOCKING investor letter, Fabricio Bloisi has revealed a ruthless plan to SELL OFF over $2 BILLION in assets he now labels “non-strategic and underperforming”—with promises of an “EVEN HIGHER VOLUME” of fire sales to come. This isn’t a strategic pivot; it’s a CORPORATE PURGE, a desperate admission that the tech giant’s empire is built on FAILED bets.
Bloisi has declared a chilling freeze on all major deals, a move experts are calling a TOTAL LOSS OF FAITH in the market. Instead, he’s triggering a $5 BILLION share buyback scheme, a financial sleight-of-hand designed to artificially inflate value while the core business BURNS. This is not growth—it’s a CONTRACTION, a retreat into the safety of its Tencent cash cow while everything else is deemed EXPENDABLE.
Despite boasting of a “turnaround,” the letter exposes a battlefield of FIERCE RIVALRY and WEAKNESS. In Brazil, iFood is under siege by new entrants buying market share, forcing Prosus to scramble a defense “within existing budget targets”—a clear sign it’s LOSING THE PRICE WAR. His so-called “progress” in Europe relies on cherry-picked data from “selected test cities,” a desperate attempt to spin a narrative of control amid GLOBAL UNCERTAINTY.
The terrifying implication is clear: the tech investment golden age is OVER. Prosus is not streamlining; it’s performing TRIAGE on its own portfolio, sacrificing limbs to save a hollowed-out core. This is what corporate cannibalism looks like when the music stops. The question isn’t what they’re selling off, but who will be left holding the bag when the liquidation ends.
Edited for Kayitsi.com
Author: Kayitsi.com
