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A comment on Canoo spent double its annual revenue on the CEO's private jet. Parent comment

Re:Canoo spent double its annual revenue on the CEO's privat... by ilrwbwrkhv on Tuesday April 02, 2024 @02:35PM (#39909287)
Most of these businesses are actually fronts. They siphon money from Africa and other third world countries with poor laws and wash it with money from private equity firms.
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Re:Canoo spent double its annual revenue on the CEO's privat... by blackhawkC17 on Tuesday April 02, 2024 @03:12PM (#39909700)
With all due respect, this is rubbish. Private equity LPs are overwhelmingly local pension funds, institutional investors, and high net worth individuals.
[ Parent | on HN ]