What does "go down" mean in this transcript? Thanks.
I was listening to a podcast but I was wondering what "go down" means in this transcript that was written by me. Surely, I'm not 100% sure of the accuracy of this transcript hehe..
You run a company. The company is failing. It's running out of money. As a last attempt to try make your company to profitable. You're launching a new product. Everybody is pinning all that hopes on this new product. We think if this product sells, the company is gonna survive, if the product doesn't sell , they're gonna "GO DOWN".
I did check the Cambridge dictionary but I'm still not sure about it.
› US slang If an event such as a crime or a deal goes down, it happens:
I tried to tell Tyrell what was going down, but he wouldn't listen.
› UK old-fashioned If you go down from a college or university, especially Oxford University or Cambridge University, you leave either permanently or on holiday