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josefritzisheretoday at 2:40 PM5 repliesview on HN

Private Equity destroys everything.


Replies

deweytoday at 2:51 PM

These companies that they bought were not doing so great to begin with otherwise they would not be for sale for a price where this makes sense.

havaloctoday at 2:59 PM

In general, I would agree, but I think some small businesses are romanticized.

I have a house and have been with every small/medium local landscape company in town, finally settled on a landscape company that was bought by private equity.

The pricing is about the same, but they actually do a good job, the employees are nice, and they answer the phone. You don't have to beg them to come do work and hunt them down, and they can usually come out pretty quick.

sphtoday at 3:02 PM

Fingers crossed it destroys the SaaS rent extraction model and we’ll go back to purchasing software.

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metalliqaztoday at 2:43 PM

yes it does, but this kind of abuse is also inherent in the system we have built

I remember fondly the time when computing was build on common interfaces and open formats. A abusive software supplier would be fired and replaced.

Now we have closed platforms and enshitification.

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paulcoletoday at 2:55 PM

Your alternative is that companies shouldn't be allowed to change because the changes they want to make will make some people upset?

Raise prices 1500% and you'll find out that you were way underpriced, you'll create an opportunity for a competitor, etc.

This isn't cancer medication we're talking about here, it's some dumb SAAS product.

Edit: Appreciate the haters as always but can somebody please explain what they believe a company should be forced to do?