this post was submitted on 29 Jan 2024
92 points (100.0% liked)
Technology
37735 readers
45 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I don't know if you noticed this but some really big companies with high stock valuations are only existing because investors poured tons of capital into them to subsidize the service.
Uber could not do taxis cheaper than existing if they didn't have years of free cash to artificially lower prices.
We are in the beginning of late state capitalism, profitable companies go under due to private capital firms and absolute ponzi frauds get their faces on time magazine.
Enjoy the collapse.
Exactly, they PAID MONEY to make it work. No they don't make the money back and depend on outside capital, but they are still paying their employees (not enough) and suppliers, etc.
Yes, we are in late stage capitalism where the market eats itself.
Why do you think we have seen so much large scale fraud in the last 15 years?