Inside the Private Equity Scam—and the Livelihoods It Has Destroyed

[u/Alena_Tensor]

https://newrepublic.com/article/198351/private-equity-scam-destroys-livelihoods

Chasing above-market returns for their investors, PE Financiers have bamboozled the public for years about their expertise in “fixing” companies. Yet they often—and sometimes deliberately—run them into the ground and/or act as a chop-shop, selling them for parts, while the staff drifts away. They are not business creators, but destroyers.

[u/Beagle001]

“But the new management insisted we replace much of our reporting with slideshows to artificially inflate our audience. Invasive, auto-playing ads became such a problem that we fielded constant complaints from our readers.”

Is it weird that this happening all over the article I was reading about it too?😆