---
date: '2022-12-11T09:27:05'
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  document:
    title:
    - What if failure is the plan? | danah boyd | apophenia
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    - exact: "Throughout the 80s and 90s, private equity firms and hedge funds gobbled\
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  text: Wild that driving functional organisations into the ground could just be the
    cost of doing business
  updated: '2022-12-11T09:27:05.220993+00:00'
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in-reply-to: https://www.zephoria.org/thoughts/archives/2022/12/05/what-if-failure-is-the-plan.html
tags:
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- hypothesis
type: annotation
url: /annotations/2022/12/11/1670750825

---



 <blockquote>Throughout the 80s and 90s, private equity firms and hedge funds gobbled up local news enterprises to extract their real estate. They didn’t give a shit about journalism; they just wanted prime real estate that they could develop. And news organizations had it in the form of buildings in the middle of town. So financiers squeezed the news orgs until there was no money to be squeezed and then they hung them out to dry.</blockquote>Wild that driving functional organisations into the ground could just be the cost of doing business