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I can't tell if this is good for Squarespace customers or not. Publicly traded companies have some pressures that are unhealthy, so moving back into private ow
by neallindsay 2y ago
I can't tell if this is good for Squarespace customers or not.
Publicly traded companies have some pressures that are unhealthy, so moving back into private ownership might be good.
From my casual browsing of their Wikipedia article, Permira doesn't seem to be a vulture capital firm.
shrug emoji
- ErikAugust 2y agoThey are a private equity firm. https://www.nytimes.com/2023/04/28/opinion/private-equity.html https://www.nytimes.com/2023/04/28/opinion/private-equity.ht...
- azinman2 2y agoEven worse!
- mywittyname 2y agoIt's going to be bad for customers. They should expect everything to slowly deteriorate in quality as prices continue to climb. For all of their faults, public companies largely attempt to continue existing. And initiatives that my not be immediately profitable can still have a positive impact on stock price if the market agrees that they will result in long-term growth for the company. PE is often about extracting as much money as possible in the shortest timeframe possible and the company's continued existence is largely irrelevant. This is why they so often cut expenses to the bone, and bury the company in the maximum amount of debt that can be serviced by current cash flows.