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> 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"?

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.

And there was me thinking I opposed the death penalty.

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