Biden’s economy

[Anonymous]

Anonymous wrote:Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.

That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices.

Not all private equity does that.

Furthermore, are you saying the company WAS profitable and could have continued shipments? Do you have numbers to back that up?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.

That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices.

Not all private equity does that.

Furthermore, are you saying the company WAS profitable and could have continued shipments? Do you have numbers to back that up?

If you’re not getting enough shipments in this economy that’s your problem, not Biden’s.

[Anonymous]

Layoffs so far in 2024:

1. Everybuddy: 100% of workforce
2. Wisense: 100% of workforce
3. CodeSee: 100% of workforce
4. Twig: 100% of workforce
5. Twitch: 35% of workforce
6. Roomba: 31% of workforce
7. Bumble: 30% of workforce
8. Farfetch: 25% of workforce
9. Away: 25% of workforce
10. Hasbro: 20% of workforce
11. LA Times: 20% of workforce
12. Wint Wealth: 20% of workforce
13. Finder: 17% of workforce
14. Spotify: 17% of workforce
15. Buzzfeed: 16% of workforce
16. Levi's: 15% of workforce
17. Xerox: 15% of workforce
18. Qualtrics: 14% of workforce
19. Wayfair: 13% of workforce
20. Duolingo: 10% of workforce
21. Rivian: 10% of workforce
22. Washington Post: 10% of workforce
23. Snap: 10% of workforce
24. eBay: 9% of workforce
25. Sony Interactive: 8% of workforce
26. Expedia: 8% of workforce
27. Business Insider: 8% of workforce
28. Instacart: 7% of workforce
29. Paypal: 7% of workforce
30. Okta: 7% of workforce
31. Charles Schwab: 6% of workforce
32. Docusign: 6% of workforce
33. Riskified: 6% of workforce
34. EA: 5% of workforce
35. Motional: 5% of workforce
36. Mozilla: 5% of workforce
37. Vacasa: 5% of workforce
38. CISCO: 5% of workforce
39. UPS: 2% of workforce
40. Nike: 2% of workforce
41. Blackrock: 3% of workforce
42. Paramount: 3% of workforce
43. Citigroup: 20,000 employees
44. ThyssenKrupp: 5,000 employees
45. Best Buy: 3,500 employees
46. Barry Callebaut: 2,500 employees
47. Outback Steakhouse: 1,000
48. Northrop Grumman: 1,000 employees
49. Pixar: 1,300 employees
50. Perrigo: 500 employees
51. Tesla: 10% of workforce

[Anonymous]

Anonymous wrote:

Anonymous wrote:America has plenty of money. Tax the billionaires and pay our bills.

Classic Democrat who speaks in ideas over facts. The billionaires do not, in fact, have enough to pay our bills. Being a Democrat requires ignoring facts and relying on feelings.

Once again, the fact that debt is growing faster than the economy portends economic doom in the long run. Innumerate Dems will be surprised, but the math always wins.

Here I drew you a picture.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.

That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices.

Not all private equity does that.

Furthermore, are you saying the company WAS profitable and could have continued shipments? Do you have numbers to back that up?

FWIW, it is what happened with Red Lobster and a number of otherwise thriving businesses including newspapers.

[Anonymous]

Anonymous wrote:Layoffs so far in 2024:

1. Everybuddy: 100% of workforce
2. Wisense: 100% of workforce
3. CodeSee: 100% of workforce
4. Twig: 100% of workforce
5. Twitch: 35% of workforce
6. Roomba: 31% of workforce
7. Bumble: 30% of workforce
8. Farfetch: 25% of workforce
9. Away: 25% of workforce
10. Hasbro: 20% of workforce
11. LA Times: 20% of workforce
12. Wint Wealth: 20% of workforce
13. Finder: 17% of workforce
14. Spotify: 17% of workforce
15. Buzzfeed: 16% of workforce
16. Levi's: 15% of workforce
17. Xerox: 15% of workforce
18. Qualtrics: 14% of workforce
19. Wayfair: 13% of workforce
20. Duolingo: 10% of workforce
21. Rivian: 10% of workforce
22. Washington Post: 10% of workforce
23. Snap: 10% of workforce
24. eBay: 9% of workforce
25. Sony Interactive: 8% of workforce
26. Expedia: 8% of workforce
27. Business Insider: 8% of workforce
28. Instacart: 7% of workforce
29. Paypal: 7% of workforce
30. Okta: 7% of workforce
31. Charles Schwab: 6% of workforce
32. Docusign: 6% of workforce
33. Riskified: 6% of workforce
34. EA: 5% of workforce
35. Motional: 5% of workforce
36. Mozilla: 5% of workforce
37. Vacasa: 5% of workforce
38. CISCO: 5% of workforce
39. UPS: 2% of workforce
40. Nike: 2% of workforce
41. Blackrock: 3% of workforce
42. Paramount: 3% of workforce
43. Citigroup: 20,000 employees
44. ThyssenKrupp: 5,000 employees
45. Best Buy: 3,500 employees
46. Barry Callebaut: 2,500 employees
47. Outback Steakhouse: 1,000
48. Northrop Grumman: 1,000 employees
49. Pixar: 1,300 employees
50. Perrigo: 500 employees
51. Tesla: 10% of workforce

So in your world, the president is the CEO of all of these companies?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.

That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices.

Not all private equity does that.

Furthermore, are you saying the company WAS profitable and could have continued shipments? Do you have numbers to back that up?

FWIW, it is what happened with Red Lobster and a number of otherwise thriving businesses including newspapers.

This is not what I asked. Were they profitable or losing money? Can I make it any simpler for you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.

That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices.

Not all private equity does that.

Furthermore, are you saying the company WAS profitable and could have continued shipments? Do you have numbers to back that up?

FWIW, it is what happened with Red Lobster and a number of otherwise thriving businesses including newspapers.

This is not what I asked. Were they profitable or losing money? Can I make it any simpler for you?

How would we know? It hasn’t been a public company for three years. One could assume that if it was profitable it could service its debt, which it was not doing and cited as the reason for the chapter 7 bankruptcy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.

That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices.

Not all private equity does that.

Furthermore, are you saying the company WAS profitable and could have continued shipments? Do you have numbers to back that up?

FWIW, it is what happened with Red Lobster and a number of otherwise thriving businesses including newspapers.

This is not what I asked. Were they profitable or losing money? Can I make it any simpler for you?

Profitable.

Obviously, without subsidies, unprofitable businesses will be shut down. But hedge funds, particularly, gut value, load debt and then flip.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.

That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices.

Not all private equity does that.

Furthermore, are you saying the company WAS profitable and could have continued shipments? Do you have numbers to back that up?

FWIW, it is what happened with Red Lobster and a number of otherwise thriving businesses including newspapers.

This is not what I asked. Were they profitable or losing money? Can I make it any simpler for you?

How would we know? It hasn’t been a public company for three years. One could assume that if it was profitable it could service its debt, which it was not doing and cited as the reason for the chapter 7 bankruptcy.

If you wouldn't know, then why are you spinning these wild theories about blaming private equity? If the market has turned down and there isn't enough goods to be shipped, why are you assigning made up theories to the closure?

You may be profitable for years and then the market turns down for several quarters and you no longer are. Stop assigning your theories to what happened.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.

That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices.

Not all private equity does that.

Furthermore, are you saying the company WAS profitable and could have continued shipments? Do you have numbers to back that up?

FWIW, it is what happened with Red Lobster and a number of otherwise thriving businesses including newspapers.

This is not what I asked. Were they profitable or losing money? Can I make it any simpler for you?

How would we know? It hasn’t been a public company for three years. One could assume that if it was profitable it could service its debt, which it was not doing and cited as the reason for the chapter 7 bankruptcy.

If you wouldn't know, then why are you spinning these wild theories about blaming private equity? If the market has turned down and there isn't enough goods to be shipped, why are you assigning made up theories to the closure?

You may be profitable for years and then the market turns down for several quarters and you no longer are. Stop assigning your theories to what happened.

Why are you people spinning wild theories that Biden is responsible for this? The market for consumer goods has not “turned down.” There are enough goods to be shipped. Pardon anyone who assumes that a conglomerate that usually buys companies and sells them off for parts did the same thing here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.

That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices.

Not all private equity does that.

Furthermore, are you saying the company WAS profitable and could have continued shipments? Do you have numbers to back that up?

FWIW, it is what happened with Red Lobster and a number of otherwise thriving businesses including newspapers.

This is not what I asked. Were they profitable or losing money? Can I make it any simpler for you?

How would we know? It hasn’t been a public company for three years. One could assume that if it was profitable it could service its debt, which it was not doing and cited as the reason for the chapter 7 bankruptcy.

If you wouldn't know, then why are you spinning these wild theories about blaming private equity? If the market has turned down and there isn't enough goods to be shipped, why are you assigning made up theories to the closure?

You may be profitable for years and then the market turns down for several quarters and you no longer are. Stop assigning your theories to what happened.

Why are you people spinning wild theories that Biden is responsible for this? The market for consumer goods has not “turned down.” There are enough goods to be shipped. Pardon anyone who assumes that a conglomerate that usually buys companies and sells them off for parts did the same thing here.

It was an article posted without comment. I let the reader decide for themselves. WTF is your problem?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.

That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices.

Not all private equity does that.

Furthermore, are you saying the company WAS profitable and could have continued shipments? Do you have numbers to back that up?

FWIW, it is what happened with Red Lobster and a number of otherwise thriving businesses including newspapers.

This is not what I asked. Were they profitable or losing money? Can I make it any simpler for you?

How would we know? It hasn’t been a public company for three years. One could assume that if it was profitable it could service its debt, which it was not doing and cited as the reason for the chapter 7 bankruptcy.

If you wouldn't know, then why are you spinning these wild theories about blaming private equity? If the market has turned down and there isn't enough goods to be shipped, why are you assigning made up theories to the closure?

You may be profitable for years and then the market turns down for several quarters and you no longer are. Stop assigning your theories to what happened.

Why are you people spinning wild theories that Biden is responsible for this? The market for consumer goods has not “turned down.” There are enough goods to be shipped. Pardon anyone who assumes that a conglomerate that usually buys companies and sells them off for parts did the same thing here.

It was an article posted without comment. I let the reader decide for themselves. WTF is your problem?

I don’t have a problem. You seem to have a facts problem, though.

[Anonymous]

MAGA is bad for business.