U.S. News

2242 readers

17 users here now

News about and pertaining to the United States and its people.

Please read what's functionally the mission statement before posting for the first time. We have a narrower definition of news than you might be accustomed to.

Guidelines for submissions:

Post the original source of information as the link.
If there is a paywall, provide an archive link in the body.
Post using the original headline; edits for clarity (as in providing crucial info a clickbait hed omits) are fine.
Social media is not a news source.

For World News, see the News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 1 year ago

MODERATORS

[email protected]

Vice to lay off hundreds of staffers, stop publishing content on its website | CNN Business (www.cnn.com)

submitted 8 months ago by [email protected] to c/[email protected]

11 comments fedilink hide all child comments

Sorry! Didn't know where else to post this! Anybody surprised by this one?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 9 points 8 months ago

private equity

Ah, and thus the drain plug is pulled.

Private equity tends to fuck up otherwise successful or at least functional businesses or services, squeezing all the value out of them then selling them for parts. Vice may have been having financial trouble, but selling to private equity will probably result in the end of it.