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A comment on Microwaved plastic containers release microplastics into food. Parent comment

Re:Microwaved plastic containers release microplastics into ... by ClumsyPilot on Friday June 30, 2023 @08:24AM (#36533644)
> discussed in HN as they also bought Instant Pot, and have gone bankrupt

For the past 15 years there has been a trend of private equity buying brands and destroying them.

Why does this keep making them money? What is this "failure capitalism"?

[ Parent | on HN ]
Re:Microwaved plastic containers release microplastics into ... by philipov on Friday June 30, 2023 @08:37AM (#36533784)
You can extract a lot of money from a company by torching its reputation. It takes people a while to catch on that they can't trust a company anymore. Buy a company, remove all the costs that give them their competitive advantage, then profit off the reputational arbitrage until it's burned to the ground.
[ Parent | on HN ]
Re:Microwaved plastic containers release microplastics into ... by geden on Friday June 30, 2023 @09:15AM (#36534279)
And there was me thinking I opposed the death penalty.
[ Parent | on HN ]