2026-09-04 17:42 UTC
https://www.theguardian.com/us-news/2026/sep/04/private-equity-boom-hospital-job-layoff
If this destroys private equity and VCs; it would be a great thing. The companies are fucked anyway; hope the cycle of of VCs being able to wreck them ends.
Replies (1)
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@Oldfartrant@mstdn.ca 2026-09-04 19:18
@virtualbri@mastodon.online It's laughable for private equity to claim they are good for business. They hollow out a companies assets then force the company to pay more to keep going. They are bad for business and ultimately their failure will hurt everyone. Laws should be passed to collect damages from private equity shareholders who take profits causing businesses to fail but aren't held accountable for the damage they do.