Thing is, they have been doing this for over a decade. Publicly traded companies can’t compete long-term, if there’s a well funded provate competitor
Of course they can, they can use the same aim. Problem is it’s more profitable to grind a company down, let it bankrupt and do the same to the next company. Hence enshittification arrived, venture capital has a full playbook for dismantling companies from the inside.
There’s still a few old bastions wanting stability, Coca Cola Group is the most obvious example of this
The big investors are earning money on it, the suits has done the calculations and they’re earning a few percentages more a year dismantling companies than they would, had they chosen stability
Parts of it is also how safe of a bet it is to dismantle, as big capital likes safe investments. Which is largely also why AAA isn’t innovative anymore, they consider it too big of a risk to invent a new wheel