Hacker News Reader

Comment by tristor | Hacker News Reader

Start of the end, private equity ruins everything it touches. RIP SUSE

SUSE was private just a few years ago, owned by the same firm that IPOed them and is now taking them private again. If there were any truth to your statement, it would’ve happened a while ago.

Going public and being legally beholden to growth at all costs has ruined far more.

Shareholders of non publicly listed businesses also like numbers to go up.

Shareholders in publicly traded companies scare easily.

Did you miss the last time exactly the same company bought SUSE back in 2018 (for double its current market cap)?

EQT IPO'ed SUSE by selling a minority stake at the peak back in 2021 for €30, now they're buying it back for a little over a half of that.

I guess they feel it's undervalued and might have another got at it when/if small-mid tech company valuations recover..

Private companies funded by public funds is my jam.

So, most of the tech megacorps in the US. Oh, the glory of fasc...ehem, capitalism.

Fascism is when I can’t make rules about how other people spend their money. Hilarious when people associate capitalism with a movement founded by none other than Benito Mussolini. If you read the fascist manifesto and the Green Party platform back to back you’d think they came from the same book.

Fascist corporations have more to do with unions than they do with business corporations:

http://www.sjsu.edu/faculty/watkins/corporatism.htm

I see no mention here of unions or anything similar

Neither do I. I was replying to someone equating corporations with Fascism, which is a complete misunderstanding of corporatism.

But, apparently, making that much sense gets me downvotes.

That makes more sense. Your original sentence was unclear.

> Private companies funded by public funds is my jam. So, most of the tech megacorps in the US

I think you're getting a bit confused by the terms public and private. Most US tech megacorps are public companies e.g. publicly traded private enterprises. They're public companies because they're traded on the stock market, not because they receive "public funds" aka funding from the government; that's not what a company being public means. You seem to be mixing these two up. Insofar as they get money from the government, it's generally in exchange for providing services to the government (aka doing business) or as subsidies, but these aren't what make a company 'public'. Being traded on the stock exchange is what makes a company 'public'.

> Oh, the glory of fasc...ehem, capitalism.

You should probably pump the brakes on adopting any sort of ideology before you get a firm grasp on basic terminology.

"You should probably pump the brakes on adopting any sort of ideology before you get a firm grasp on basic terminology."

Oh, I know basic terminology.

Faschism - when big private enterptise is in service to the government and having lucrative, beneficial and unfair deals with the government or it's agencies.

Most of big tech and MIC companies in the USA have beneficiary status (multi-billion deals, tax-exemption, etc..) with the government or at least one of the alphabet soup agencies. In other words, US government learned much from the Nazies.

> Faschism [...] Nazies

Strange spellings, is your spellcheck off? If your intention was to communicate your familiarity with these terms, you're failing badly.

And no, US tech companies getting paid for fulfilling lucrative contracts for the government is not what fascism is, even if there is corrupt dealing. Corruption and fascism are not interchangeable concepts. And to reiterate the point, a company being publicly traded does not mean they are receiving public funds.

And FYI, SUSE is not even an American company so your rants are completely irrelevant anyway. They have little if any connection to the US MIC.

Reply on news.ycombinator.com