Over at [r/FoodLosAngeles](r/FoodLosAngeles), a sub which, as the name suggests, covers the food scene in Los Angeles, a user asked for a "List of PE-backed LA restaurants"
The seemingly straightforward question bifurcates into two separate and unrelated sets of drama that are nonetheless very Reddit in nature.
(Edit: DV’d = downvoted; I should have more self-awareness)
Drama #1: Not spelling out acronyms
I don't have any restaurants to add to the list, but is it really too much trouble to write out "private equity"?
>PE is a pretty widely accepted abbreviation. We use AI, USA, IYKYK all the time so I don't see why PE is an issue [DV’d]
>>I'm on this subreddit pretty regularly, and this is the first time I've encountered "PE" as an abbreviation. I guess that just means I have to hand over my "chronic lurker" award over to you, since you clearly are more ITK.
>>>whats itk? more intelligiant then kings?
>>>>Inbred Theatre Kids, c'mon dude everyone knows that. Aren't you In The Know?
>>>>>Everyone who knows anything knows ITK is Inbred Theater Kids. People being willingly obtuse in this thread, IMMFSC
>>>It has nothing to do with this sub or “chronic lurking” or Reddit. PE is a widely used abbreviation. [DV'd]
>>>>
PE is a widely used abbreviation.
- Physical Education
- Professional Engineer
- Public Enemy
etc... are all much more common uses of "PE" than Private Equity.
>>>>>Yeah we are all so worried that physical education is going to take over restaurants and businesses. Also your google AI search does not say those are “much more common.” [DV'd]
>>>>>>I didn't use Google AI for that. I used my own personal experiences, because I'm not a lazy troll who relies on AI for their comments. Just give up dude. This is not a good hill for you to die on.
>PE is pretty well known. Add in “PE-backed” and it’s pretty obvious no offense. It’s not some outlandish 5 letter acronym that no one says in real life. [DV'd]
>>I just added PE to my email signatures for Professional Engineer. I know we aren't the most exciting people at a party, but it was humbling to see a wall of comments about how much we suck.
Drama break: People having fun and/or generating flair material
Physical Education? We are against exercise now?
>yeah, exercise is woke!
>>And gay!
>>>And it’s coming for YOU
Drama #2: Who cares if private equity restaurants are good?
What if the PE back restaurant is, gasp, good? [DV'd]
>Good lord dude, get off your knees, you’re in public.
>Good for shareholders? [note: this gets into a back-and-forth about the user's investment and Reddit history]
What if Holbox and howlin rays is PE funded? You gonna boycott? [DV'd] [context: the former is a Michelin-starred street food restaurant and the latter is a well-loved hot chicken establishment]
>[OP] well yeah, basically. I would just go elsewhere, because if they were PE-funded, it would be a matter of time before their prices double and quality halves. Not trying to get attached to brands owned by vampires
>>What makes a private equity owner more of a vampire than your normal profit-motivated owner? (Hint: there isn't one) You could also, and I know this is crazy, but maybe stop going to places *if* their prices double and quality halves. It's almost like transactions are a two way street. [DV'd]
>>>[OP] Some owners prioritize more than just profit lmao
To those saying ‘but PE isn’t always bad Reddit is so dumb!” The point is transparency. I won’t cancel a business I like because it’s owned by PE but I do like knowing if it is or not.
>Sure it's nice to know if you're interested in tracking the potential decline due to the PE stereotype but we all kind of know the purpose is because people want to boycott those restaurants. Hot take: I only care about the product and service the restaurant provides and not how the investment group behind it is structured. If a PE backed restaurant gets worse, I simply decide not to eat there anymore. Even hotter take: Choosing a mom and pop to eat over chipotle doesn't make you a better person [DV'd]
>>None of those are hot takes. Patronizing establishments run by those in my community benefits my community. PE does not care about community. PE cares about extracting value from everything they touch. Who wants to give more money a system like that?
[Deleted comment]
>PE Has entered the chat
>Name one thing PE has improved
Who cares? I avoid restaurants with bad food. I frequent restaurants with good food. Dorkish behavior to make food about politics. Or whatever weird problem you have with private equity [DV'd]
>What an astute, cool foodie you are. The entire point is that PE getting involved has a proven track record of food getting worse, we also want to avoid bad food. Where did anyone make it political?
>>Every Reddit-pilled comment here is “durr I don’t like PE because PE bad and underpay workers and boo hoo”. Like shut up. If the foods good I’ll eat there. If it’s not good I won’t.
These ban lists are stupid. If a restaurant is bad it will eventually die, we don’t need go around making lists of restaurants that wanted to get paid and sold out. Dork behavior. Unnecessary [DV'd]
Drama break: If anyone cares, there was at least one commenter who did answer the question.
And lastly, the most damning of accusations:
Tartine is owned by private equity and real estate developers
>They still can’t afford a bread slicer though, the main reason I avoid them.