Bang Shi Hyuk and Kakao are sweating over SM's plummeting stock prices

Article: After getting greedy for SM... Bang Shi Hyuk and Kakao's Kim Bum Soo are dying over SM's plummeting stocks

Source: Herald Economy via Naver

[+631, -6] Soo Man hyung is the only winner

[+281, -21] SM should've just gone to Hybe. Kakao totally stretched themselves to acquire SM and look at what's happened to them. They have no one to blame but themselves.

[+218, -7] Lee Soo Man really made out the best by selling quickly and running ㅋㅋㅋㅋㅋㅋ

[+176, -34] SM doesn't have a group that's making them any money compared to their past lineup of SuJu, TVXQ, SNSD, SHINee, etc.

[+26, -2] Kakao just wanted to acquire SM so they could get Kakao Entertainment listed but failed in the end

[+23, -2] Dirty Kakao. Stole from another only to end up choking on the meal. When they acquired SM, they should've fired everyone who betrayed Lee Soo Man, because people who've betrayed someone once will always do it again. Looks like their traitorous plans aren't working out so well for them in the end.

[+18, -1] Lee Soo Man was ousted by his own nephew and yet he's the winner in the end ㅋㅋ I remember reading news that Kakao is pretty pissed at SM's current management team and are on the brink of chasing them all out ㅋㅋ

[+17, -0] Lee Soo Man always has his nose where the money is. He's quite sly that way.

[+16, -0] If they had just listened to Lee Soo Man and let Hybe acquire SM, Hybe could've diversified while SM's artists could've gotten more global promotional support. It would've been a win-win for all. Instead, they're getting a taste of what betrayal feels like.

[+15, -0] SM has always been about Lee Soo Man. Ever since he's left, their groups have felt like cheap knock-offs, and their concepts always feel 2-3 steps behind the pulse.

[+12, -0] Soo Man hyung sold all his shares at the highs and left... He just has an eye for these things. He's from Seoul University, after all.

[+14, -3] Aespa's songs since 'next Level' have all been flops in sales, no? Their songs sound so tacky and cheap.

[+10, -0] Soo Man could buy their shares all back and still come out ahead. Kakao has a lot of work to do, starting with kicking out the betraying nephew and his folks...

[+11, -2] Kakao deserves it

http://netizenbuzz.bl0gspot.com/2024/01/bang-shi-hyuk-and-kakao-are-sweating.html

Quote from onwards

Why is BSH getting dragged into this? Its not like they own any SM stock right? they sold them to Kakao for Bubble

Edit - read the article and apparently Hybe still owns 7% of SM shares so should be crying tears of blood over the loss compared to Kakao who owns 40%

HYBE only sold 44% of their shares to Kakao. They're still the 3rd largest shareholder at 8.807%.