reminder that saudi arabia’s public fund has bought ea. they’re trying to squeeze out all the revenue they can. tumble down the enshittification pyramid
That’s true, although very simplified. The slightly less simplified version is that Jared Kushner’s private equidy firm and the Saudis took a huge loan to buy EA then loaded the company with that debt. EA will be forced to sell a huge chunk of their portfolio and layoff thousands of people. If they survive this somehow they will be a shadow of what once was but more likely they’ll simply vanish soon. This shit should be completely illegal but I would lie if I said I’ll miss EA. A few people at the top getting filthy rich by destroying the company seems like a very fitting end for them.
reminder that saudi arabia’s public fund has bought ea. they’re trying to squeeze out all the revenue they can. tumble down the enshittification pyramid
That’s true, although very simplified. The slightly less simplified version is that Jared Kushner’s private equidy firm and the Saudis took a huge loan to buy EA then loaded the company with that debt. EA will be forced to sell a huge chunk of their portfolio and layoff thousands of people. If they survive this somehow they will be a shadow of what once was but more likely they’ll simply vanish soon. This shit should be completely illegal but I would lie if I said I’ll miss EA. A few people at the top getting filthy rich by destroying the company seems like a very fitting end for them.