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Fred Mobster (lemmy.world)
submitted 5 months ago by homesweethomeMrL@lemmy.world to c/usa@midwest.social
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[-] EldritchFeminity@lemmy.blahaj.zone 52 points 5 months ago

Isn't this exactly what happened to Toys R Us as well? Bought up by a hedge fund, saddled with millions of dollars of debt to funnel its value to the hedge fund, then bankrupted and sold off for a pittance, laundering all the profit and wiping the debt away like it was never there. All while putting tons of people out of work.

[-] misterdoctor@lemmy.world 8 points 5 months ago

Aka rise of the planet of the apes

[-] lingh0e@sh.itjust.works 4 points 5 months ago

I, for one, welcome our new Dr Zaus overlords.

[-] Klear@sh.itjust.works 3 points 5 months ago* (last edited 5 months ago)

I love you, Dr Zaius!

[-] ChapulinColorado@lemmy.world 6 points 5 months ago

Same thing happened (according to the original founders that sold the company) to Mervyn’s in the west coast.

this post was submitted on 26 May 2024
1006 points (98.8% liked)

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