Private Equity 101, “buy” a business using borrowed money, put all the debt on the company you “bought”, slash costs, sell off assets, have the company declare bankruptcy and take all the debt with it, rince and repeat… Profit.
Nobody has ever been able to explain to me why this is legal
And as if that wasn’t an insult to the middle class, people like Elon Musk and Jeff Bezos can borrow against their stock holdings as if they were real assets, yet never be taxed on the value. But if you borrow against the value of your house, YOU get taxed on that value.
It makes rich people richer
It doesn’t though it’s just another way of lying about the math. Line goes up because it’s doesn’t actually represent what it’s supposed to.
Well when you say it like that it just sounds dumb.
Fuck EA they’ve been shit forever.
The Mass [Layoff] Effect
The offices are now just a Dead Space.
Former engineers are referred to as Apex Legends.
“We’re going to have AI write all the games now”
~ some execThey’re not a game company anymore. It’s getting the Toys R Us treatment. They’re a debt vehicle. They’re gonna borrow against its value, place all the debt into EA while pocketing the cash, and let it die.
If we’re lucky, they’ll sell off the studios and IP before cutting it loose.
AI told me we can do it!
This is great news, soon there will be no EA!
EA died a long time ago.
Yet the zombie still harasses us.
It would be if not all the wrong people profited from it.
Maybe that’s a good thing. Maybe the last thing they would do is sell off the up to better firms.
In this whole ordeal that has been EA … I can’t remember a single instance where they tried to do the right thing by listening to the consumer, or employees for that matter.
It’s amazing they are still around even. Die quicker pls.
The sheer power of licensing hey
They own the rights to madden and college game day, those two alone can keep the doors open
Fifa games…
And Madden, EA Sports, it’s in the game
Wouldn’t that be just the CEO, then?
EA, it’s in the grave.
Oligarchs oligarching. Every “publisher” and “developer” is firing everyone and are gonna very quickly vanish once it’s remembered that perpetual motion is impossible.
People are still buying EA:s unfinished games? Wow.
I admit that they got me a few times, but I quickly learned not to buy from them again.
The sports games keep the lights on.
Sims is also an absolute juggernaut in very different circles from Madden and FIFA
But what was the last time you bought a finished game? PS2?
I never forgot how EA destroyed battle field
Can’t wait for them to destroy it like they destroyed their golf league.
Just trimming some fat (and a leg or two)
EA sucks ass, hopefully this is the beginning of the end.
Trump fail son in law and journalist murderer
And nothing of real value to gamers will be lost.
