• Encrypt-Keeper@lemmy.world
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    2 months ago

    With the rise of private equity, you don’t even have to go public to sell out anymore. So many companies in operation today are empty shells puppeted by private equity firms who buy any company in any industry just to squeeze every last bit of profit out of them before throwing them away.

    Just look at the veterinary industry and the mass disappearance of vet practices owned by the doctors who work there.