cross-posted from: https://infosec.pub/post/47489741
GEO Group’s stock has risen 25% in one month, after their first quarter results. Let me translate this corporate speech:
“New growth opportunities” aka ICE is kidnapping immigrants at a record pace and we need to open new concentration camps to hold all of those people. 70.8% of current detainees have no criminal convictions.
“Last year was the most successful period for new business wins in our Company’s history with new or expanded contracts representing up to $520 million in annualized revenues. We expect 2026 to be very active as well.” The taxpayers are giving us half a billion dollars a year to hold people in inhumane conditions and we expect the kidnappings to continue unabated in 2026!
Inhumanely housing people + minimaly feeding them - having them do labour = negative costs
GEO Group’s stock has risen 25% in one month, after their first quarter results. Let me translate this corporate speech:
“New growth opportunities” aka ICE is kidnapping immigrants at a record pace and we need to open new concentration camps to hold all of those people. 70.8% of current detainees have no criminal convictions.
“Last year was the most successful period for new business wins in our Company’s history with new or expanded contracts representing up to $520 million in annualized revenues. We expect 2026 to be very active as well.” The taxpayers are giving us half a billion dollars a year to hold people in inhumane conditions and we expect the kidnappings to continue unabated in 2026!
