Comment on It’s official: EA is selling to private equity in $55 billion deal

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JillyB@beehaw.org ⁨1⁩ ⁨week⁩ ago

Co-op/freelance > small business > large single-owner business > publicly traded business > private equity business.

The hordes of faceless shareholders is mostly regular people’s retirement accounts. It’s still a net-negative for society, but now it’s not even helping someone retire comfortably. With Saudi Arabia involved, that means it’s also going to be laundering the image of a monarchy.

A few years ago everyone was talking about how crown prince Bin Salman ordered the brutal execution and dismemberment of a journalist. Now the E-sports world cup is in Riyadh.

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