Has anyone else noticed that everything private equity touches gets ruined?
... I noticed a parent from our team sheepishly recording his son from a dark corner of the rink during one of our league games. Because our team travels so much, both parents—or other relatives—can’t always attend. Streaming games for grandparents or recording a child’s shifts on the ice seems like a natural way to share in these moments. I approached the parent and asked why he wasn’t standing in a better spot.
“Wish I could,” he said. “I heard we could be docked points in the standings if parents are caught filming their kids.”
.... Black Bear had installed cameras in each rink that feed video footage into a subscription service—Black Bear TV—that charges parents $37 a month. Subscribers can watch games remotely and must pay for the “premium” tier to share highlights, such as their daughter’s game-winning goal, with relatives. Of course, Black Bear could have allowed parents to livestream games to family members and still made money off the low-cost, AI-operated camera system. But that, apparently, wasn’t enough for the executives, so the company banned parents from streaming games for grandparents or the mother or father who didn’t drive two hours to the rink.
This one financial activity seems to be ruining all of America. Healthcare, ruined by private equity. Housing, ruined by private equity. Daycare, universities, local newspapers, the plumbing supply chain. All made worse from private equity. And now squeezing parents enrolling kids in youth sports for every nickel they haven't already spent? Gross. Question for the forum: has private equity ever made anything better?
https://patrioticmillionaires.org/perspectives/private-equity-is-ruining-america/
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@wildgrass saidPrivate equity created...
Has anyone else noticed that everything private equity touches gets ruined?
[quote]... I noticed a parent from our team sheepishly recording his son from a dark corner of the rink during one of our league games. Because our team travels so much, both parents—or other relatives—can’t always attend. Streaming games for grandparents or recording a child’s shifts on the ice se ...[text shortened]... nything better?
https://patrioticmillionaires.org/perspectives/private-equity-is-ruining-america/
"Today, private equity (created), among other things: hospitals, nursing homes, daycare centers, universities, food stores, pet stores, voting machine manufacturers, local newspapers, lumberyards, plumbing companies, and more."
there, I fixed it for you
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@Mott-The-Hoople saidHow about we use the common definition of private equity instead of your made up definition?
Private equity created...
"Today, private equity (created), among other things: hospitals, nursing homes, daycare centers, universities, food stores, pet stores, voting machine manufacturers, local newspapers, lumberyards, plumbing companies, and more."
there, I fixed it for you
A common definition of private equity (PE) is a firm that raises capital from high-net-worth investors to buy, restructure and sell private companies. This concept seems ok, except when applied to things like rural hospitals or youth sports where people just want their kids to run around in a field for a few hours and have fun. Private equity buys all the club teams in the area and starts charging $2,000 per kid just to sign up, then nickel and dimes you for the right to film your kid playing the sport. Not cool.
@wildgrass said😂. Desperate much?
How about we use the common definition of private equity instead of your made up definition?
A common definition of private equity (PE) is a firm that raises capital from high-net-worth investors to buy, restructure and sell private companies. This concept seems ok, except when applied to things like rural hospitals or youth sports where people just want their kids to ru ...[text shortened]... st to sign up, then nickel and dimes you for the right to film your kid playing the sport. Not cool.
Give me one example where your harebrained scenario has happened .
@Mott-The-Hoople saidIt's in the OP 😔
😂. Desperate much?
Give me one example where your harebrained scenario has happened .
There are lots more examples. It's happening nationwide.