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#privateequity

5 posts4 participants1 post today
Public
Klaus-Gerd Giesen

#BendingSpoons is a #PrivateEquity firm. #Komoot #bike users should download their already ridden or planned #tracks as #GPX files as soon as possible before they have to pay a lot for them (or even to get a #map update). Better alternatives to Komoot: #Routing with #Brouter , #Cyclers , #VisuGPX or #Valhalla ; (free) navigation with #OrganicMaps or #CycleTravel . Everything else (photos, etc.) is anyway a #socialmedia feature.

#BikeTooter #fahrrad #vélo #cyclotourisme
road.cc/content/news/job-cuts-

road.cc · “Totally blindsided”: Cuts and job losses expected at Komoot after route planning app bought by Italian tech firm infamous for mass layoffsKomoot employees say they have been “blindsided” by Bending Spoons’ purchase, which comes after the brand introduced a new premium subscription for users to send routes to bike computers
Public
The Media & Democracy Project

"Stripped for Parts: American Journalism on the Brink" is the story of a secretive hedge fund plundering America’s newspapers, and the journalists who are fighting back.

Join our free Zoom screening followed by a discussion with Director Rick Goldsmith: March 29 at 8 pm ET

tiny.cc/screening329

MobilizeSCREENING: "Stripped for Parts: American Journalism on the Brink" + Director Rick Goldsmith · The Media and Democracy ProjectWorried about the media diets of your fellow Americans, the loss of local journalism jobs - and the impact of this on our democracy? Join our Zoom screening of "Stripped for Parts: American Journalism on the Brink" followed by discussion with Director Rick Goldsmith. Stripped for Parts is the story of a secretive hedge fund that is plundering what is left of America’s newspapers, and the journalists who are fighting back. Hedge fund Alden Global Capital is quietly gobbling up newspapers across the country and gutting them, but no one knows why– until journalist Julie Reynolds begins to investigate. Her findings trigger rebellions across the country by journalists working at Alden-owned newspapers. Backed by the NewsGuild union, the newsmen and women go toe-to-toe with their “vulture capitalist” owners in a battle to save and rebuild local journalism in America. Who will control the future of America’s news ecosystem: Wall Street billionaires concerned only with profit, or those who see journalism as an essential public service, the lifeblood of our democracy? Trailer: https://vimeo.com/923029964 This film is NOT available on streaming platforms. This is a unique opportunity to watch via Zoom with Director Q&A - and be empowered with *ACTIONS YOU CAN TAKE* to fight for local journalism! Rick Goldsmith is a Peabody award winner and an Academy Award-nominee. More here: https://strippedforpartsfilm.com/the-filmmaker/
#Press#Journalism#PrivateEquity
Public
The Media & Democracy Project

Worried about the loss of local journalism jobs? Hedge fund Alden Global Capital is gobbling up papers across the country and gutting them. Journalists and citizens must fight back.

Join our Saturday March 29 screening of ‘Stripped for Parts: American Journalism on the Brink.’ followed by Q&A with Directory Rick Goldsmith mobilize.us/mediademocracyproj

MobilizeSCREENING: "Stripped for Parts: American Journalism on the Brink" + Director Rick Goldsmith · The Media and Democracy ProjectWorried about the media diets of your fellow Americans, the loss of local journalism jobs - and the impact of this on our democracy? Join our Zoom screening of "Stripped for Parts: American Journalism on the Brink" followed by discussion with Director Rick Goldsmith. Stripped for Parts is the story of a secretive hedge fund that is plundering what is left of America’s newspapers, and the journalists who are fighting back. Hedge fund Alden Global Capital is quietly gobbling up newspapers across the country and gutting them, but no one knows why– until journalist Julie Reynolds begins to investigate. Her findings trigger rebellions across the country by journalists working at Alden-owned newspapers. Backed by the NewsGuild union, the newsmen and women go toe-to-toe with their “vulture capitalist” owners in a battle to save and rebuild local journalism in America. Who will control the future of America’s news ecosystem: Wall Street billionaires concerned only with profit, or those who see journalism as an essential public service, the lifeblood of our democracy? Trailer: https://vimeo.com/923029964 This film is NOT available on streaming platforms. This is a unique opportunity to watch via Zoom with Director Q&A - and be empowered with *ACTIONS YOU CAN TAKE* to fight for local journalism! Rick Goldsmith is a Peabody award winner and an Academy Award-nominee. More here: https://strippedforpartsfilm.com/the-filmmaker/
#Press#PrivateEquity#Journalism
Public
The Media & Democracy Project

Will America’s news ecosystem continue to be dominated by billionaires or can those of us who realize journalism is the lifeblood of our democracy mount a comeback?

Join our free Zoom screening of ‘Stripped for Parts: American Journalism on the Brink’ on March 29. mobilize.us/mediademocracyproj

MobilizeSCREENING: "Stripped for Parts: American Journalism on the Brink" + Director Rick Goldsmith · The Media and Democracy ProjectWorried about the media diets of your fellow Americans, the loss of local journalism jobs - and the impact of this on our democracy? Join our Zoom screening of "Stripped for Parts: American Journalism on the Brink" followed by discussion with Director Rick Goldsmith. Stripped for Parts is the story of a secretive hedge fund that is plundering what is left of America’s newspapers, and the journalists who are fighting back. Hedge fund Alden Global Capital is quietly gobbling up newspapers across the country and gutting them, but no one knows why– until journalist Julie Reynolds begins to investigate. Her findings trigger rebellions across the country by journalists working at Alden-owned newspapers. Backed by the NewsGuild union, the newsmen and women go toe-to-toe with their “vulture capitalist” owners in a battle to save and rebuild local journalism in America. Who will control the future of America’s news ecosystem: Wall Street billionaires concerned only with profit, or those who see journalism as an essential public service, the lifeblood of our democracy? Trailer: https://vimeo.com/923029964 This film is NOT available on streaming platforms. This is a unique opportunity to watch via Zoom with Director Q&A - and be empowered with *ACTIONS YOU CAN TAKE* to fight for local journalism! Rick Goldsmith is a Peabody award winner and an Academy Award-nominee. More here: https://strippedforpartsfilm.com/the-filmmaker/
#Journalism#PrivateEquity
Public
The Media & Democracy Project

"Stripped for Parts: American Journalism on the Brink" is the story of a secretive hedge fund plundering America’s newspapers, and the journalists who are fighting back.

Join our free Zoom screening followed by a discussion with Director Rick Goldsmith: March 29 at 8 pm ET

tiny.cc/screening329

MobilizeSCREENING: "Stripped for Parts: American Journalism on the Brink" + Director Rick Goldsmith · The Media and Democracy ProjectWorried about the media diets of your fellow Americans, the loss of local journalism jobs - and the impact of this on our democracy? Join our Zoom screening of "Stripped for Parts: American Journalism on the Brink" followed by discussion with Director Rick Goldsmith. Stripped for Parts is the story of a secretive hedge fund that is plundering what is left of America’s newspapers, and the journalists who are fighting back. Hedge fund Alden Global Capital is quietly gobbling up newspapers across the country and gutting them, but no one knows why– until journalist Julie Reynolds begins to investigate. Her findings trigger rebellions across the country by journalists working at Alden-owned newspapers. Backed by the NewsGuild union, the newsmen and women go toe-to-toe with their “vulture capitalist” owners in a battle to save and rebuild local journalism in America. Who will control the future of America’s news ecosystem: Wall Street billionaires concerned only with profit, or those who see journalism as an essential public service, the lifeblood of our democracy? Trailer: https://vimeo.com/923029964 This film is NOT available on streaming platforms. This is a unique opportunity to watch via Zoom with Director Q&A - and be empowered with *ACTIONS YOU CAN TAKE* to fight for local journalism! Rick Goldsmith is a Peabody award winner and an Academy Award-nominee. More here: https://strippedforpartsfilm.com/the-filmmaker/
#Journalism#Press#PrivateEquity
Public
The Media & Democracy Project

Join us for a free virtual screening of #Stripped For Parts followed by a Q&A with director Rick Goldsmith.

Then be empowered with actions you can take to fight for local journalism!

Saturday March 29, 8-10:30pm ET.

Register here:
mobilize.us/mediademocracyproj

MobilizeSCREENING: "Stripped for Parts: American Journalism on the Brink" + Director Rick Goldsmith · The Media and Democracy ProjectWorried about the media diets of your fellow Americans, the loss of local journalism jobs - and the impact of this on our democracy? Join our Zoom screening of "Stripped for Parts: American Journalism on the Brink" followed by discussion with Director Rick Goldsmith. Stripped for Parts is the story of a secretive hedge fund that is plundering what is left of America’s newspapers, and the journalists who are fighting back. Hedge fund Alden Global Capital is quietly gobbling up newspapers across the country and gutting them, but no one knows why– until journalist Julie Reynolds begins to investigate. Her findings trigger rebellions across the country by journalists working at Alden-owned newspapers. Backed by the NewsGuild union, the newsmen and women go toe-to-toe with their “vulture capitalist” owners in a battle to save and rebuild local journalism in America. Who will control the future of America’s news ecosystem: Wall Street billionaires concerned only with profit, or those who see journalism as an essential public service, the lifeblood of our democracy? Trailer: https://vimeo.com/923029964 This film is NOT available on streaming platforms. This is a unique opportunity to watch via Zoom with Director Q&A - and be empowered with *ACTIONS YOU CAN TAKE* to fight for local journalism! Rick Goldsmith is a Peabody award winner and an Academy Award-nominee. More here: https://strippedforpartsfilm.com/the-filmmaker/
#Press#Journalism#PrivateEquity
Public
Bruce MacDonald

"The Bay announced last week that it was seeking creditor protection, with its chief executive pointing to the COVID-19 pandemic and an ongoing trade war with the U.S. as external factors that have put financial pressure on the company.

"Experts say that Hudson's Bay had been in decline long before then, some tracing its issues back to its 2008 acquisition by the American investment firm NRDC Equity Partners, and saying that the company's new ownership prioritized its real estate over a cohesive retail strategy."
cbc.ca/news/business/hudsons-b

CBCHudson's Bay Company nearly $1B in debt, with court filings painting dire financial portrait | CBC NewsHudson's Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the struggling Canadian department store chain's finances. 
#Canada#retail#PrivateEquity
Replied in thread
Public
Paco Hope #resist

@Offbeatmammal Buried way down in the article, the usual culprit. #PrivateEquity

“Hooters was obtained by a private equity firm in 2019. The $300 million it owes are unpaid bonds, which are backed by the restaurant's owned assets.”

Why don’t journalists say something like “in a completely predictable outcome, private equity destroyed another business.”

Public *
Nonilex

#ElonMusk’s #DOGE has sent 3 individuals w/experience in #PrivateEquity & #finance to the #SocialSecurity Admin, highlighting the focus that #Trump is putting on *rooting out waste & fraud in the nation’s social insurance programs* [dismantling & privatizing the system].

#benefits #government #kleptocracy #TrumpCoup #USpol #law
archive.is/2025.03.10-183556/h

Continued thread
Public
Chuck Darwin

Private equity firms control around one-fifth of the U.S. economy and around 18,000 companies.

-- and their top executives are among the richest people in the world.

Stephen Schwarzman, the founder of Blackstone, the world’s biggest private equity firm,
is worth $50 billion.

Private equity barons use philanthropy and campaign donations to maintain influence across society.

🔥One of Wall Street’s goals under the new Trump administration is to preserve special tax rules that boost the wealth of private equity and hedge fund billionaires.

💥The most important
— and most egregious
— of these is the carried interest loophole.
#privateequity

truthout.org/articles/private-

Truthout · Private Equity Firms Tighten Stranglehold on US, Angling for Boons Under TrumpPrivate equity has fingers in our homes, hospitals and jobs. Resisting it is crucial to our fight for a just society.
Public
your auntifa liza 🇵🇷 🦛 🦦

🗣️ OFF WITH THEIR #PrivateEquity HEADS!!!

Eileen O'Grady, a researcher at the Private Equity Stakeholder Project, stated in a report: "A review by the Private Equity Stakeholder Project (PESP) has found that private equity firms played a role in eleven of the 17 (65 percent) largest US corporate bankruptcies during the first six months of 2024 (bankruptcies with liabilities of $1 billion or greater at the time of filing)."

newsweek.com/stores-closing-af

capitalism creates poverty ON PURPOSE

Newsweek · List of Stores Closing After Being Taken Over by Private EquityBy Robert Thorpe
Continued thread
Public *
Dave Rahardja

Another familiar #PrivateEquity story (please double check my claims):

1. Publicly-traded Jo-Ann Fabrics was bought out by Private Equity firm Leonard Green & Partners in 2010, with close to ZERO DEBT (cleveland.com/business/2010/12).

2. Jo-Ann then went public again in 2021, now saddled with $930M in debt (forbes.com/sites/joanverdon/20). In short, the private equity firm loaded them up with nearly A BILLION DOLLARS IN DEBT.

3. Jo-Ann stocks steadily declined over the next few years.

4. Jo-Ann declared bankruptcy in 2024, still with a $1B in debt on the books, and emerged as a private company, after restructuring their debt to $500M (apnews.com/article/joann-closi).

5. Jo-Ann announced they will close all stores in 2025 (usatoday.com/story/money/2025/).

This sounds like the same playbook that took down Red Lobster: Take a company with no debt, saddle it with enormous amounts of debt (no doubt held by its new owners), bleed them dry by extracting significant interest on said debt, then shut everything down and liquidate.

cleveland · Jo-Ann Stores agrees to $1.6-billion buyout from private equity firmBy Janet H. Cho, The Plain Dealer
Public
Dave Rahardja

On the one hand, the #cars market is definitely softening as prices start coming back down to earth.

On the other hand, it turns out that Doug DeMuro took investment from a #PrivateEquity firm in return for folding his YouTube channel and Cars and Bids into a single business—and that means *value extraction* and #enshittification is already here.

“Layoffs Hit Cars & Bids As The Enthusiast Car Market Comes Back Down To Earth”

theautopian.com/layoffs-hit-ca

Public *
Linknation

in the spirit of the (thanks god the witch is dead) #Thatcher: #hell will soon be #privatized: #senatormurphy droped a new vid: they want to sell our middle schools and elementary schools to billionaires #privateequity #US #education system for sale? to funnel even more money into private pockets

#solutions? some #reform ideas for #inspiration infosec.exchange/@Linknation/1

#SicSemperTyrannis en.wikipedia.org/wiki/Sic_semp

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