Business/Markets/Stocks/Economics Random, Random

[ti-amie]

[ti-amie]

Robert Reich
@rbreich@masto.ai
As big crypto companies go through yet another financial meltdown, let me remind you: It's a giant Ponzi scheme that urgently needs to be regulated.

https://masto.ai/@rbreich/109433980597721318

[JazzNU]

This is about more than just the CNN layoffs, it's about the merger takeover and how they are going about managing the WB assets. Many are watching to see how quickly and the method by which Discover ruins HBO Max with these cost cutting measures. There was not so great sign today with a move they made on the content side of things.

[ti-amie]

[ti-amie]

This can go here and in the Brexit thread.

[ponchi101]

This is about more than just the CNN layoffs, it's about the merger takeover and how they are going about managing the WB assets. Many are watching to see how quickly and the method by which Discover ruins HBO Max with these cost cutting measures. There was not so great sign today with a move they made on the content side of things.

These mega-mergers, IN ANY INDUSTRY, have to stop. Every time two of these massive companies merge, their immediate action is "we have to cut costs", which is a frigging code for "we have to fire people". It is the only cost that can be cut; getting rid of machinery does not reduce costs.
Around the world, what we need is not mergers; we need SPLITS. Like when Standard Oil got broken up into 7 companies. THAT generated employment and wealth. Not these greedy acquisitions in which the sole thing that ever really gets negotiated is the severance packages for the top executives of the company to be bought.

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[ponchi101]

I guess you could say you can screw a deal or a company in a million ways but, since he is a billionaire...

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[ponchi101]

The miners.
Better names:
The accomplices
The minions
The henchmen
The implementers
...
Miners are real people, extracting real stuff. For good or for bad, they have real jobs. Threse crypto frauds are not miners in any way.

[ti-amie]

[ti-amie]

She left out all the ads for crypto but this has been my experience too.

[ti-amie]