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Fred Mobster
(lemmy.world)
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this post was submitted on 26 May 2024
1006 points (98.8% liked)
United States | News & Politics
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This is it right here and this scenario was most likely the plan from the outset, they planned on this and orchestrated it.
Isn't this exactly what happened to Toys R Us as well? Bought up by a hedge fund, saddled with millions of dollars of debt to funnel its value to the hedge fund, then bankrupted and sold off for a pittance, laundering all the profit and wiping the debt away like it was never there. All while putting tons of people out of work.
Aka rise of the planet of the apes
I, for one, welcome our new Dr Zaus overlords.
I love you, Dr Zaius!
Same thing happened (according to the original founders that sold the company) to Mervyn’s in the west coast.