• Caveman@lemmy.world
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    22 hours ago

    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.

      • Caveman@lemmy.world
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        5 hours ago

        … 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.

        • Kairos@lemmy.today
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          4 hours ago

          Yes. And it could end up being sold to an entity such as blackrock and still be “privately owned”