4 ms·

Connected stuff is fine, but who owns the connection matters.

• burnt-resistor 1y ago
  Private equity will buy anything and everything even moderately profitable using LBOs, stick them with the loans, take out more loans to pay themselves, spin them off, and wind them down. Basically no one is going to run a business for the sake of customers or brand goodwill because, in the real world, there are no regulations or motivations to do so because "everything is a scam" is the normalized deviancy. Take even a boring other industry, say single phase motor start and run capacitors. In the US, 3 of the 4 major original manufacturers of said products are owned by private equity and manufacture under under an array of cannibalistic turtles that M&A'ed basically every manufacturer. The net result is increased prices and shorter product life.
  • nbngeorcjhe 1y ago
    > stick them with the loans, take out more loans to pay themselves, spin them off, and wind them down China would probably just imprison the people responsible for things like this
    • anonzzzies 1y ago
      and rightly so
  • anonzzzies 1y ago
    Two of my largest clients are factories in Germany and Italy that make specialist screws. Been running profitable since the 50s by the families. That I like.
  • Onavo 1y ago
    Abloy is the biggest name in locks. This is more like if Apple decides to shut down iCloud one day.