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PE is notorious for buying firms with debt and then driving them into bankruptcy by loading them with that debt. It’s the only thing they’re notable for. They’v
by KerrAvon 3y ago
PE is notorious for buying firms with debt and then driving them into bankruptcy by loading them with that debt. It’s the only thing they’re notable for. They’ve essentially killed all traditional US brick and mortar retail — it wasn’t Amazon alone; it was crushing debt load and/or profits siphoned off to the PE firm instead of reinvesting in the business.
If you don’t want your stepdad associated with those monsters, find a different term to describe his work.
- mise_en_place 3y agoThis is just way out of touch. How do you think Elon raised funds for buying Twitter? PE is the only way to fundraise outside of going public.
- AceJohnny2 3y agoThe whole Twitter debacle isn't an example of PE being good for anything, you know.
- gumby 3y agoYou can, you know, just sell bonds in the traditional way, which IIRC is how he did it and is why banks are in a hole.
- kergonath 3y agoHe did saddle Twitter with an unsustainable level of debt as well.