Bowlero, the biggest bowling company in the world, has grown rapidly in recent years. Fueled by private equity groups, the firm’s expansion has ruined the beloved pastime for many while its executives pull in massive profits.
Enshitification. Private equity buys up everything, squeezes it for all its worth, forces it to lose all its customers, and then sells off all remaining physical assets (land, buildings).
Look behind the downfall of most big country wide names and you’ll see a private equity firm running this same playbook right around the time they started losing quality.
Enshitification. Private equity buys up everything, squeezes it for all its worth, forces it to lose all its customers, and then sells off all remaining physical assets (land, buildings).
Look behind the downfall of most big country wide names and you’ll see a private equity firm running this same playbook right around the time they started losing quality.