Private equity stuck with 33,575 unsold businesses
private equity is destroying everything and must itself be destroyed
turns out the guy who runs “worse on purpose” worked at palantir up until a couple months ago 🤮 h/t @flawedfacade.blacksky.app
this database linked in the article is a godsend: ledger.worseonpurpose.com
It will consume everything unless its abolished by the government. Two options.
There is nothing private equity makes better
To restate my annoying mantra: The rot at the root of many of our problems is shareholder capitalism
agree & great article. tho I think we maybe have other ways of describing profit demands and threats from the extremely wealthy that are more useful than “shareholder rights movement” lol
Aside: this is another reason why black companies selling out to big corporations pisses me off so much. Consumers can't have shit that's quality, and that goes doubly for black consumers.
Millennials, we used to destroy at least one industry A WEEK back in the early 00's. Surely we can rally to take down one or two more.
got pretty disillusioned the last few years as I chased the most popular stuff so I could cover it as a consumer tech journalist. Turns out apps that tells you what to watch and phones that get between you and the world and lots and lots and lots of cool on their face gadgets are bullshit!
I actually hate the fact that this ex-Palantir AI journalism schlepper has managed to get a fucking Guardian article. He was at Palantir like last year! He’s literally running a psyop to ease people into AI journalism!
So, on the bright side, you aren't imaging things....
Another sign of the end times
I wish the whole of humanity would just explode.
Won’t someone think of the poor little private equity firms unable to sell off all the carcasses of the livelihoods they’ve slaughtered 🥺
👁🔬▫️◽️◻️🎻 This is about as close as I can get to conveying how tiny a violin a wish to play for them.
Brings to mind this timeless classic…
Whaaat? An investment that comes with the risk of... losing the invested money?! That's not how investing works, the line is supposed to go up into infinity! Why is the line not going up 😭
How about this? I call those private equity firms "GoonerGate", "Bronies", and "MegaMan Fans on Prom Night" instead?
Have you noticed there are way more lawyer billboards and TV ads lately? Did you know that private equity—the people making the über-rich even richer while ruining everything for the rest of us—is behind it? Probably not, and that's how they want it. But we've got a chance to stop it. 🧵 (1/x)
Here's the gist of it... Verdicts in personal injury cases are getting crazier and crazier. You know the McDonald's coffee case? There were actually good reasons for that verdict (check out the doc Hot Coffee), but we're now seeing verdicts over 100 times that where the injuries are far less. 2/x
i thought top dog law with inflatable 1980’s cell phone and a bag with a dollar sign on it indicated that he was the beagle boys lawyer
Driving into Milwaukee on Friday, I could not believe how many billboards I saw. It was almost ALL of them.
read the first sentence in jonathan frakes' voice
We were just commenting on this when we drove from south side to six flags. I didn't know this, thanks for posting.
Super important thread that everyone in the US should know. I know we've got a lot of shit on our collective plate right now but...
About 2 yrs ago I noticed a sharp uptick in these and said that if local advertising was so dependent on one shifty industry it might be fucked. So here's your friendly local Booze Lawyer with an explainer, and several things are fucked. BTW, 9 Lerner & Rowe boards in 1 mile on WB I-94 in Indiana.