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If you think private equity will be milder, you're in for a bad surprise. Most of the enshittification you see around you stems from private equity.
by Etheryte 1y ago
If you think private equity will be milder, you're in for a bad surprise. Most of the enshittification you see around you stems from private equity.
- WorldMaker 1y agoYup, many private equity deals ultimately are to break a company up into spare parts (to sell individual IPs/sub-brands to the highest bidder.) The extra debt the buyout saddles the company with is in part to build a bankruptcy case to kick off that spare parts auction.