3 ms·
What evidence do you have that the new owners are interested in making Squarespace profitable or sustainable? PE firms are the "selling the car for scrap" of bu
by coldpie 2y ago
What evidence do you have that the new owners are interested in making Squarespace profitable or sustainable? PE firms are the "selling the car for scrap" of business acquisitions.
- cinntaile 2y agoThey're trying to buy it and probably do some rationalizing to increase profitability. Classic PE play.
- prmoustache 2y agoBut can they "sell it for scrap" for more than they bought it in the first place?
- coldpie 2y agoPresumably, or else they wouldn't have bought it. Plenty of ways to make a profit while hollowing out a company: fire as many employees as possible, steal as much as possible from their employees and vendors, raise prices on customers, make closing customer accounts as difficult as possible, do some silly accounting tricks to make someone else hold the bag, try to find someone to fob off the brand name to for a few bucks once there's nothing left to extract. The usual stuff, they know the routine.