It's always amazing to hear the rhetoric about Lina Khans's "radical anti-business" FTC, and then look at the actual policies and they are like "companies shouldn't be able to drain you like a leech for the rest of your life because you joined a gym once."
In the Private Equity space, it's extremely valuable to find an industry with "sticky" users: those who use a service but can't afford the one time cost to opt to a competitor. RV parks, small industrial users, etc. Buy their service, raise prices, see little attrition: wealth transfer up. Bingo
I had to have a lawyer friend threaten a lawsuit to get a gym to cancel a membership after I had moved. They just kept charging with the hopes I wouldn’t notice.
she's been great on a bunch of consumer pain point stuff from privacy to "right to repair," which oddly the 75 articles I read about mark cuban or reid hoffman whining about her fail to mention for some reason
“Anti-business.” (Looks at valuations and corporate profits since 2021.” 🤷♂️
Yeah, and it really makes me think about how different our lives could have been right now if we never had Reagan as president.
Do timeshares next!
Seriously. You take 5 minutes to actually read some of these things, and 9 times out of 10 it’s literally just “this company is knowing breaking the law and stealing from people, so we told them to stop.”
or "companies shouldn't be able to corner the market and then gouge customers for services that continually and measurably degrade" then you look at the NLRB that people are complaining about and it's like "companies should face meaningful penalties for breaking the law"
all my friends think dumping Khan is going to be Harris’ first order as pres…
Lina Khan rocks!