You must log in or register to comment.
I mean… I guess it’s true?
You can’t turn shit into shit. It’s already shit!
Yeah but they can still open the septic tank and let out the bad vibes.
Come visit Canada if you are nostalgic for toys r us. They still exist. Also in Japan I believe
Private equity firm… So the company will be stripped down and sold for parts.
Private equity is destroying the west
Private Equity . . . Hold my beer!
I will never understand how leveraged buyouts are legal. I mean it somehow makes sense in its original form where workers were buying out the patron but now it is just weird.Edit: No this is actually fine if you think about it, it just feels wrong somehow.
you don’t understand why allowing someone to take on debt to purchase a business is legal?
You just described a situation that is not happening here. If you want to take on debt to buy a business, that might be reasonble. You, the person, BeeegScaaawyCripple, would assume the debt.
Of course PE doesn’t work that way. The borrowers themselves are at no financial risk. That’s the point, that’s the scam.
that’s due to exploiting specific business structures. literally anyone can do that (e.g. five associates formed an LLC to buy the building they work in. the loans in question went to the LLC, not the partners), so i’m not sure why you’re saying it’s not what’s happening.
They should only be able to use their own capital for the loan, not the company they are buying putting up the majority of the capital. That’s the problem with leveraged buyouts: you’re effectively putting the company up for liquidation when that happens, because the buyer is likely going to gut and shutter the company so they end up with a profit in the end.
Ask Toys R Us about the process.
i take it you’ve never dealt with the sale of a small business
I just feels weird that you can use the value of the company you buy to buy said company. It just “feels” weird that you can get a loan and use whatever you buy as leverage.Now that I am typing that out that is not really different from getting a loan to buy a house. Never mind, I guess it just seems weird when it is such an insane sum of money ¯\(ツ)/¯
or like a dentist finishing dental school and buying someone’s practice. you get a huge fucking loan because who still has money after dental school
Toys R Us still lives in Canada. She’s practically just as you remember her. And she’s happy. 🥲
2 of the 4 stores in Ottawa just closed and a 3rd one is going to soon. I don’t think Toys R Us is doing that well.
Do we really need 4 physical stores in Ottawa, though? I mean yea it’s sprawled to shit but still. Looks like the Merivale is still going and it’s at least pretty central. There are plenty of other toy stores around as well, so the concept of physical locations, at least, is still cruising.
Merivale is the one that will probably close soon. A few months ago, they sold the property and put the “store closing” signs up, but took them down when the sale fell through. I assume it will close again when they sell the property again.
The only one that I believe hasn’t closed or tried to close is the St. Laurent one. Even the one in Gatineau apparently had closing signs, but I don’t know if they actually closed or not yet.
Dang, but it’s sorta fair considering how the area’s not thay dense. Ottawa will, I hope, one day understand that building large box stores away from customers just isn’t the play.
But I live in Montréal now where mid-density is king and we got toy and game shops opening up across the street from other toy and game shops because customers density supports that kinda behaviour.
If 1 is profitable and 3 aren’t and it’s a matter of geography, that’s a sound business decision.
What kind of a sane business model would benefit from holding onto (and paying taxes on) property/assets that aren’t profitable? 🧐
Yeah, that’s kind of my point. 3 of 4 stores in Ottawa aren’t profitable is probably an indicator that Toys R Us (at least in Ottawa) isn’t doing that well.
She’s practically just as you remember her.
Except for the soft play area they’re adding. She’s enshittifying.
Toy store: adds play area for little children
You:
Have you seen those places? They’re a fraction the size of indoor playgrounds, and displace shelves that used to be packed with toys. https://www.toysrus.ca/en/playlab-indoor-playground.html
. What’s the point in building a civilization if we can’t have play areas for kiddos.
Hey McDonalds, f*** u
I’m pretty sure that canada has plenty of room
Except for the soft play area they’re adding. She’s enshittifying.
why is that enshittifying?
In Canada, enshittification makes things even better.
Last time I visited Canada I ate poutine twice in one day and you better believe I faced some enshittification. Great public toilets though; in the states it feels like every city has become a toilet desert, you need to buy a meal at a restaurant just to use a bathroom.
Because every soft play place eventually devolves into a lure to get kids to play overpriced, lootboxified arcade games.
Excited to see the version of Call of Duty that the new Saudi owners produce.
Hopefully you won’t experience it IRL.
Don’t forget Trump’s son in law
You mean Jared Kushner who along with the Saudis that bought EA?
Jared Kushner has a close relationship with Saudi Arabia, developing a strong alliance with Crown Prince Mohammed bin Salman during his time in the Trump administration. Since leaving office, Kushner has had significant business dealings with the kingdom, including a $2 billion investment from Saudi Arabia’s sovereign wealth fund into his private equity firm, Affinity Partners. This relationship has drawn scrutiny from ethics experts and congressional investigators.
Battlefield surely?
Battlefield: Ghaza
It’s one of the aerial levels. :( :(
I’m sorry. I didn’t create the news.
Gamer known as ea
Would they sell the rights of Dawngate? That’s all Im asking for!
They might actually try and sell every IP they can once they gathered as much info on users as they can.
It’s time to actually mean it and stop buying from them. No, I mean it. Stahp.
Oh it’s a private equity firm
In his first term, the economy didn’t tank. That’s it, that’s the difference.
It did once his dead switches triggered. Remember that tax bill that gave everyone tax breaks for four years then jumped higher than before? Ya, that was intentional.
I can’t tell if they’re an optimist or just naive.
I think they are claiming that EA is already shit? I’m not positive.
No you’re right, but they seem to think that it can’t get worse… and it very much can.
:shrug: The EA logo might as well already be a big red stamp “DO NOT BUY!” Not like I could give them any LESS money
Where does a boycott end and “their products are just shit” begin?
I think it’s funny that EA publishes on steam now because you can see how bad the reviews are for e.g. the FC game. Most people are obviously not happy with the quality of the games. But some still buy them year after year, for reasons that elude me
Their base is casual gamers where it’s basically the only game they buy each year. The cost is very small in those terms, and they don’t want to be on the old version despite the issues.
They really could leave the engine as is and sell yearly DLCs to update the team rosters… but this way makes more money, I guess.
I just assume most people are idiots. That really explains a lot of these things.
I asssumed they meant it was already shit, so cant be enshitifed further.?
Challenge accexpted ?
