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#privateequity

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Why isn't this considered wage theft? "“All Common Stock will be canceled for no consideration and all Options will be canceled and extinguished for no consideration,” "

Apparently employees were given stock options, and were encouraged to buy stock - ALL shares held by employees were Common Stock. When Private Equity bought the company, the shares were declared worthless (of course the the CEO, etc all will receive payouts).

missionlocal.org/2025/07/philz

Creative #WageTheft & #BrokenPromises brought to you by #PrivateEquity

Mission Local · Philz Coffee close to closing deal to sell to private equity firm for $145 millionBy Jessica Blough

#enshittification #longreads
“Imagine going for a ride on your favorite loop through your local woods and stumbling upon a notice of an impending clear-cut. That’s the shock many of us in the European #cycling community felt when the news broke that our trusted route platform, #Komoot, was sold to the notorious #privateequity group Bending Spoons on March 20th of this year”
“The employees were the first to get the axe … 80% were fired immediately” bikepacking.com/plog/when-we-g

BIKEPACKING.com · When We Get KomootedFollowing the sale of Komoot to private equity, Josh Meissner explores the broken relationship between corporate capital and our communities...
Replied in thread

#FollowTheMoney 🧵64/n The article made me think once again about Monopoly, and how perfectly it captures what the world is like. Originally called “the Landlord Game”, it was invented in 1903 by left-wing feminist Lizzie Magie who wanted to expose how rentier capitalism works through a game. She more than succeeded but - this being capitalist US - never got the credit for it. Interesting piece about it all here.

theguardian.com/lifeandstyle/2

So...

All the fun🥳 TLDs are owned by a #PrivateEquity firm.

Private equity have been buying up companies, then taking out adjustable rate loans against them and bankrupting them (see Joann, Del Monte, Hooters, etc) all while those companies have been profitable. (See pinned toot w/video)

So I'm wondering if they've taken out loans like this on the TLDs and how possible it is to bankrupt them as well 🤔

And what would that look like? 😳

Note: They don't own .com or .net

Bottomline: If you or your loved ones are not in the top 10%, you are disposable.

A few notable examples of #psychopath #corporations from #palantir to #apple . Video from #moreperfectunion #perfectunion IG

#capitalism #privateequity #murder
#antifascism #antifa #corporate #Wallstreet #stocks #vicesignaling #Hipocrisy #trump #SocialHarm
#corpgreed #greed #Corruption

Edited for: If you are anti-union or deny other peoples basics human rights (housing, health, education and speech) dont bother trolling this post. I will block so fast you wont finish typing your BS. 100% Paradox of tolerance believer.

Replied in thread

Sie kaufen die Welt, wir zahlen den Preis
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Jedes Jahr treffen sich in Berlin internationale #Finanzunternehmen bei der Konferenz „#SuperReturn International” (deutsch: #SuperRendite). Es ist das „Who is who” der Branche, das jedoch in der Öffentlichkeit kaum Erwähnung findet.

Dabei betrifft #PrivateEquity uns alle: #Finanzinvestoren wie #Carlyle und #Blackstone dringen immer weiter in die Daseinsvorsorge vor. Schon letztes Jahr waren wir vor Ort, um das zu ändern. Dieses Jahr hatten wir mit ver.di, der Arbeitsgemeinschaft bäuerliche Landwirtschaft (AbL) und dem #DeutschenMieterbund Verstärkung dabei und machten klar: Unser Leben, ihr Profit – nicht mit uns!

finanzwende.de/themen/finanzia

www.finanzwende.deUnser Leben, ihr ProfitSie kaufen die Welt, wir zahlen den Preis
Continued thread

#Lobbystrategien der #PrivateEquity-Branche
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Angesichts ihrer Größe – allein #Blackstone verwaltet fast so viel Geld wie das Bruttoinlandsprodukt der Niederlande – überrascht es nicht, dass auch Private-Equity-Firmen Lobbyarbeit betreiben, um Einfluss auf die #Politik zu nehmen.

Erstaunt waren wir jedoch, dass einzelne Branchenriesen ohne Eintrag im #Lobbyregister des #DeutschenBundestags lobbyieren. Und dass die Bundesregierung die Vorschläg der Private-Equity-Firmen auf Nachfrage nur extrem geschwärzt veröffentlicht, da ein vorzeitiges Bekanntwerden dieser Vorschläge „[…] eine öffentliche Diskussion hierüber auslösen” könnte. Genau das ist unser Ziel.

Mehr dazu finden Sie in unserer neuen Studie → finanzwende.de/themen/finanzlo

www.finanzwende.deLobbystrategien der Private-Equity-BrancheNeue Studie zeigt, wie Private Equity versucht, Einfluss auf die Politik zu nehmen

Sorry about all the JAMA this morning but there’s a lot. And this one is particularly upsetting because the US still uses psychiatry as a weapon against women, and I suppose the only difference between a private prison and a private psychiatric hospital would be the mandatory medication. And that’s pretty terrifying.

Question  How has private equity (PE) investment among US psychiatric hospitals changed in recent years, and what is the cross-sectional association of PE with geography, staffing, and quality?
Finding  About 14% of US psychiatric hospitals were owned by PE in 2021, with two-thirds of these facilities located in the southern US. In adjusted models, PE ownership was associated with lower staffing ratios but higher performance on quality measures of restraint, 7- and 30-day follow-up visits, and 30-day all-cause readmission.
Meaning  These results demonstrate that PE ownership among US psychiatric hospitals is growing, underscoring the importance of US Centers for Medicare & Medicaid Services initiatives to monitor patient experience.
jamanetwork.com/journals/jamap

We have to do something about #PrivateEquity NOW

“From 2013 to 2023, private equity firms acquired more than 1,000 disability and elder care providers, according to the report by the Private Equity Stakeholder Project. That’s likely an undercount because they’re generally not required to disclose acquisitions, the report said.”

tucsonsentinel.com/nationworld

TucsonSentinel.comPrivate equity snaps up disability services, challenging state regulatorsBy Anna Claire Vollers

Shortly after the aquisition of #Komoot by Italian #PrivateEquity firm #BendingSpoons about 80% of its staff has already been fired.

When logging into the account the main page does not show anymore the latest activities of the followed people... It may be a good idea to download all traveled and plannend #tracks as #GPX files on the #computer - just to be on the safe side.

#BikeTooter #vélo #fahrrad #fahrradbubble #cycling #bike #cyclotourisme #biking #fahrradbubble

escapecollective.com/how-komoo

Escape Collective · How Komoot lost its wayMere days after the announcement of acquisition by an Italian tech firm, the route-planning platform laid off 80% of its staff, and former employees fear for its future.