Private equity ruins everything. Its kinda like when my 8 year old tells me how to hook up and use our travel trailer/camper. Its cute, but if I listened to her, it'd be catastrophic. This is pretty much how PE works in businesses. Everything is a data point to them and they have no clue how these companies actually function, nor what made them successful. They suck the soul out of everything for massive profits.
It's not that they don't know, it's that they don't care. Their sole goal is to extract more than they paid for it, and they want to do it as fast as possible.
Nothing is set up for longevity, as it doesn't need to be for them to profitÂ
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u/ShreekertheJamisWack 8h ago
Weird times we live in where player counts are at an all time high yet everything is closing and shutting down ðŸ˜