No? Obvious hyperbole aside (no one retired to Tahiti that I'm aware of), it seems pretty close. A company built an extremely ambitious, bleeding-edge app, sold some early copies, were preparing to roll it out on every meaningful platform, then got a fat check from a tech giant and promptly became platform-exclusive, ripped out a lot of the more interesting features, and fucked over their early adopters. (The folks who paid actual money for the Siri app on the iPhone 4 were not amused when the app suddenly announced that it was disabling itself and they'd have to buy a new phone to keep using it.)

And, really, how many times have you heard someone say something like "Man, that service has gone to shit since Yahoo bought it"? It seems to come up pretty frequently. I'm sure there are entrepreneurs with actual integrity regarding their startups, but it seems like a lot of the big success stories end with "and then we sold to Google for $100 million, we win, the end."