this post was submitted on 25 May 2025
498 points (98.6% liked)
Technology
70395 readers
3921 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I don't know much about private equity. So I appreciate the explanation. But that all just sounds like modern business to me. It's a product of who we are and what we allow.
thats whats happening to red lobster, SEARS was done by scummy parasitic ceo of sears, toysrus,kmart?,,,etc
What do you mean "but"?
This doesn't produce anything. It removes jobs instead of creating them. And by the end there is one less company in the system.
I wrote in response to you saying this is what they "should" be doing. That it would either work, or not.
But this is working sustainable businesses being butchered for their value on the meat market, rather than operated long term.
It most certainly isn't what they "should" be doing.
If this is the best way to make money, the rich will continue to do it instead of starting new companies. That is not going to have pleasant long-term effects on the world.