Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Bars close and hundreds lose jobs as US firm buys Brewdog in £33M deal

bbc.com

Post reply on HN
Print view View original

91–100 of 125 posts

Re: Bars close and hundreds lose jobs as US firm buys Brewdog in £33M deal

#91

Post by ericmay »

pwdisswordfishy wrote: post #41
ericmay wrote: post #34

Earlier quoted context omitted.

It's a good quote, but it is misapplied here. Nothing is stopping you from investing in a company, or putting your money into a stock or other investment. If anything, over the years the club has become a lot less exclusive. When did Carlin say that? Think about how much more access any given person, at least in the United States, has to financial products.

... it's from 2005, at the height of such access, so much so that a glut of "toxic assets" led to a worldwide recession.

This is factually incorrect. 2005 was not the height of access to financial markets. You have much more access to financial markets and investment vehicles today than you ever have had and that continues to expand.

Re: Bars close and hundreds lose jobs as US firm buys Brewdog in £33M deal

#92

Post by georgemcbay »

nradov wrote: post #79
josefritzishere wrote: post #61

Earlier quoted context omitted.

I've been screwed out of company stock at liquidation multiple times. Who decide to pay never to favor the workers.

[flagged]

> Everyone knows that the most likely value of employee equity compensation in privately held companies is zero.

Most people (on the employee side) realize this is true if the company does not make a successful exit but only learn that the company can both exit AND their equity can be erased via dilution and preferences the first time they are screwed thusly.

Re: Bars close and hundreds lose jobs as US firm buys Brewdog in £33M deal

#93

Post by nailer »

edoceo wrote: post #30
testfrequency wrote: post #15

Earlier quoted context omitted.

Oh no doubt, credit where credit is due. They served a purpose, but like anything cool in life, expansion and profits ate their soul and there are obviously so many better places to enjoy a pint (or grapefruit) these days :)

I'm sure we're in agreement that, at least in UK, there's been better pubs for 200+ years. I don't know why to go to a chain-pub with some mega-factory beer when the old-local serves a fine bitter from the same county. Am I old?

Yes it's a bit of a generayional shift. In the 2000s when I moved the UK it was all real ale. If you wanted to drink a pinecone of an IPA the Utobeer option above seemed like the only option.

But I'm a millenial. Liking IPAs is a millennial trope and younger people like less intense flavours.

Re: Bars close and hundreds lose jobs as US firm buys Brewdog in £33M deal

#94

Post by roughly »

ericmay wrote: post #90
roughly wrote: post #43

Earlier quoted context omitted.

Right, just like all of those people who put their money into Brewdog and then got nothing for it, while the larger investors potentially got made whole. It's almost like there's two classes of investors or something - common people, and then another smaller set - a club, say - that the common people are not part of. You do not have access to the investments or financial instruments that the ultrawealthy do. Your inv…

> Right, just like all of those people who put their money into Brewdog and then got nothing for it Just like anyone who puts their money into an investment that fails... Stocks go up, stocks go down. I don't recall the exact details of the Brewdog investment scheme but some people losing their hat here is just a normal thing that happens in capital markets, otherwise investing wouldn't work. There's a reason that th…

Neither George Carlin nor I am saying that the average person cannot invest in companies, nor that they should not be able to (well, I'm not, at least).

We are both saying that the rules and conditions under which you and I invest in companies and the market are substantially different than those in which the ultrawealthy invest in the market, and ours carry both higher risks and more onerous terms. You can argue whatever you want about why that is or whether it should be, but we're not all on a level playing field, and that's relevant especially in an era when all of the answers to "how do I make myself secure against the vicissitudes of fate" involve "investing" in the market.

Re: Bars close and hundreds lose jobs as US firm buys Brewdog in £33M deal

#95

Post by alias_neo »

s3krit wrote: post #67
alias_neo wrote: post #26

Earlier quoted context omitted.

It has legal implications, as others have expressed. It means your position was made redundant, and it allows you to be terminated with little legal complication, but on the understanding that the same position can't be re-hired for within a period, I think it's 6 months. Of course in reality it's not that simple, you get "made redundant" then they rephrase the job title a bit and hire someone else. Redundancy in the…

I’ve been involved in this once. There were two of us in the QA department that did subtly different jobs. They wanted rid of the other guy, but as we had very similar roles I had to be involved in the consultation process. What they did is very specifically outline the differences and that his were the ones that were redundant. My manager and friend pulled me into a room beforehand and told me ‘you’re gonna go throu…

Yeah, I went through it 3 times in the first decade of my career, two of them were just like yours, I was told "look, this has to go like this, so you're gonna have to go through the stuff, but don't worry, we're promoting you so you won't be affected". After the second one, I left because it just becomes a shitty place to work. The good people who weren't given a hint they're safe end up leaving because of the risk and hit to morale, then the morale for the rest of you drops.

The third one was a little different, they just said this entire country is redundant were moving operations abroad. So everyone was gone.

Re: Bars close and hundreds lose jobs as US firm buys Brewdog in £33M deal

#96

Post by badgersnake »

a_f wrote: post #88
cyberpunk wrote: post #58

Earlier quoted context omitted.

There is CAMRA, but tbh it seems to mostly be retired people with enormous beer bellies in their 60's who are happy enough to drink bishops finger or doom bar.

> doom bar Maybe not for much longer: https://www.bbc.com/news/articles/cjendwk7979o

They’re not stupid, they’ll keep the brand. It’ll just be brewed somewhere else and taste like metallic piss.

MBAs don’t seem to understand that where and how a beer is made is important.

Re: Bars close and hundreds lose jobs as US firm buys Brewdog in £33M deal

#98

Post by soperj »

nradov wrote: post #81
soperj wrote: post #76

Earlier quoted context omitted.

> free-market capitalism and multiparty democracy has created an unprecedented era of prosperity can you prove that it's free-market capitalism and multiparty democracy? because i see this opinion espoused a lot online.

Can you prove it's not? At this point if anyone wants to propose an alternative then the burden of proof is on them. So far everything else that we've tried has failed disastrously.

I'm not making a judgement either way. You're saying that it's capitalism and multiparty democracy(i would question whether there's a difference between both the parties in the US, does it even count as multiparty?). China's the second largest economy in the world and there's no multi party democracy there.

Re: Bars close and hundreds lose jobs as US firm buys Brewdog in £33M deal

#100

Post by ponector »

nradov wrote: post #79
josefritzishere wrote: post #61

Earlier quoted context omitted.

I've been screwed out of company stock at liquidation multiple times. Who decide to pay never to favor the workers.

[flagged]

There was a story a year or two ago about exit where company was sold for $350m but all employees for nothing, even the founders.
Post reply on HN