"Fans of the Sopranos will remember the 'bust out' as a mob tactic in which a business is taken over, loaded up with debt, and driven into the ground, wrecking the lives of the business's workers, customers and suppliers. When the mafia does this, we call it a bust out; when Wall Street does it, we call it 'private equity.'"
The long, bloody lineage of private equity's looting -- Cory Doctorow
@KevinCarson1 Reddit's selling out to Wall Street so there's a bunch of Silicon Valley people all upset now that they're rugpulling the API and shit and I'm like why the fuck has our culture not grown up yet... how can people not understand how this works yet. This should be common sense by now...
@KevinCarson1 It's not that many steps to even deduce it for oneself is it? The companies are for profit and they need to grow or die... what else could possibly happen? Why are people hoping for things that can't happen?
@apodoxus This is a country where management thinks they can safely assume pulling workers into captive anti-union meetings will reduce votes for the union rather than induce workers to unanimously vote it in, so (shrug)