Private equity is commonly referring to “owned by a private equity fund” like Blackrock. It often involves extracting unhealthy amount of short term profit to make the numbers look better then sell the business so they can record a profit.
Holy fucking shit Lemmy is becoming like Reddit. Can you guys learn to think please. This whole thing stated because I replied to this message
As long as it remains privately owned, it should be OK. The day shares go public, god forbid, will be the beginning of the end.
With something “that’s not true because private equity is bad and that’s still privately owned” and you all act like I said that all private ownership is identical to private equity.
This is a very plausable thing that can happen to Steam. Doesn’t Gabe not have kids?
Like what the fuck?? Am I going insane? Am I dreaming?
Getting bought out by a private equity firm would be pretty dire for them as that never ends well, but that’s not what I was talking about and I thought that was pretty clear, but you responded as though it was. ‘Legally’ they may be the same, but they’re functionally very different, as the article I linked pointed out, but you chose to keep digging.
The first sentence
This article seems to be about the ethos of private equity. Legally they’re nearly identical.
Private equity is commonly referring to “owned by a private equity fund” like Blackrock. It often involves extracting unhealthy amount of short term profit to make the numbers look better then sell the business so they can record a profit.
Yeah?..
… and Gabe N owns more than 50% so it’s not really the same as owned by Blackrock. It’s still a founder owned and operated company.
Yes. And it could end up being sold to an entity such as blackrock and still be “privately owned”
Well done missing the point.
Holy fucking shit Lemmy is becoming like Reddit. Can you guys learn to think please. This whole thing stated because I replied to this message
With something “that’s not true because private equity is bad and that’s still privately owned” and you all act like I said that all private ownership is identical to private equity.
This is a very plausable thing that can happen to Steam. Doesn’t Gabe not have kids?
Like what the fuck?? Am I going insane? Am I dreaming?
I’m not ruling it out ;)
Getting bought out by a private equity firm would be pretty dire for them as that never ends well, but that’s not what I was talking about and I thought that was pretty clear, but you responded as though it was. ‘Legally’ they may be the same, but they’re functionally very different, as the article I linked pointed out, but you chose to keep digging.
Whatever. You’re right. Have a cookie.
Yes that’s what I said.
Sure, legally yes.
In practice, a lot of the time, not even close.
Yes that’s what I said.