3 ms·
Fuck this corrupt system. You want to buy a company? Bring your own fucking money. Why do we have to pay for this shit?
by whatever1 2mo ago
Fuck this corrupt system.
You want to buy a company? Bring your own fucking money. Why do we have to pay for this shit?
- hgomersall 2mo agoWhat? This is JP Morgan on the hook for it if the loan goes bad.
- lazide 2mo agoToo big to fail eh? Do you really think if it blows up, the public won’t get sucked in?
- tgv 2mo agoYou'll have to pay for it anyway. Games will get more expensive, there'll be more micro-transactions, etc. The investors as well as JP Morgan want their money back.
- whatever1 2mo agoRealistically EA will never financially recover from this in its current form. Likely they will carve out 1-2 portions of it they can resell and the rest will die.
- zdc1 2mo agoI wouldn't be so quick to assume the capital structure of a company influences its product decisions. Lots of well-funded, publicly traded companies are also screwing their customers for the sake of short-term revenue. Want better games? Find them. Support the smaller studios and indie devs that produce quality, or contribute to a FOSS one.
- whatever1 2mo agoNo the taxpayer is. We paid the subprime mortgage bill. We will pay the private equity leverage bill too.
- eudamoniac 2mo agoFirst of all the banks paid back that loan with interest. Second of all this EA loan is like pennies compared to that. JPM can swallow it easily.