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KBSez

@ KBSez @kbin.social

3
6
3 yr. ago

  • Hey guys, this time I really messed up :/

  • You can only be honest like this and do your best! Thanks for all your hard work!

  • UPDATED 9-3: StarTrek.website - Lemmy info, FAQ, Patreon info, future plans, and more!

  • What about kbin

  • Mike Pence has sudden change of heart over Trump classified documents

  • Sure... and I guarantee you 15 minutes later he will be praising trump and talking about what a great president he was. "sure, he tried to get me and my family killed but he was a tremendous president, a great president...."

    Pence is a weasel.

  • Instant Brands — maker of the Instant Pot — files for bankruptcy

  • It appears that some private equity banker bros talked Instant Pot into a $450 Million Dollar loan in 2021 and then paid themselves $245 million of it.

    https://archive.is/LsqUp

    Private Equity. Instant Pot had great cashflow but slowing sales, so the PE owners issued $450M in new debt and then immediately paid out $250M in dividends to themselves resulting in the company carrying 8x leverage compared to the 4x it had prior to the financial engineering. Further slowing sales and all the cash being stripped from the company ends up with bankruptcy every time.

    These are the same kind of people who bought Toys R Us, filled it with debt from other companies they owned made millions and then killed the company and left their employees high and dry.

  • Magazine dedicated to discussions about the kbin itself. Provide feedback, ask questions, suggest improvements, and engage in conversations related to the platform organization, policies, features, an

  • How can I do SPOILERS here on KBin ? I've tried all the usual markdown tags and none work