Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
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Elizabeth Holmes comes to mind. She manoeuvred herself into a position of wealth and power by defrauding other rich people and got herself 11 years in prison for it. That's 11 years more than most other rich scumbags get.
The most bizarre part of the Theranos scandal is that any medical lab tech/scientist could have told you, right from the initial pitch, the entire thing was a massive scam. There was literally no reason to ever think this technology was feasible and a mountain of reasons it wasn’t.
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The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
lol maybe because they’re really overtly censoring stuff and it’s getting so obvious even investors realize that it’s killing itself?
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Oh no! Anyways, what's everyone's Friday plans?
Teaching my friend's kids about Linux and python, and watching a movie with them afterwards. Probably have a brewski or two.
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The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
Always buy puts for reddit. Can you imagine if lemmy ever went public? That'd be an IPO id skip.
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The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
Good riddance
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Hey fam, I’m another Reddit refugee. I heard Lemmy is what Reddit was back in the day. Sad to see Reddit go to hell.
Who told you these lies? Lemmy took the bad parts and called them features.
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Teaching my friend's kids about Linux and python, and watching a movie with them afterwards. Probably have a brewski or two.
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US is not yet fascist in the formal definition of the term, thing can and likely will get worse.
Yes it is. We are already at the dictatorial stage in practice with the legislature and SCOTUS complying voluntarily by not enacting checks and balances. Everything else, like the nationalism, demonizing groups, and the rest are in full swing. Don't need death camps to be fascist, although we are well on our way down that road.
What criteria isn't being met yet in your opinion?
It pains me to see the US go down this path. I am well aware of how bad things are going in the US (I have close friends who live there). I agree with you regarding nationalism, street arrests by security, demonization of minorities and so on.
However, I am comparing my experience living in russia (as an expat who happens to speak russian fluently), my experience living in the US under Obama and US as it is today.
US still has competitive elections. The US centre right opposition is not a formal front for the regime. Compare that to russia were elections are a formality and the so called "opposition parties" get direct orders from the regime and exist as circus performers. US isn't at that stage yet.
Same with the US judicial system. It is definitely corrupt (and this was true even before Trump) and it is getting even more corrupt. However, the US judicial system has some level of independence and at least on some level you can have your rights be respected. Again, compare that to russia were the judicial system as such does not exist and has no authority whatsoever.
Security services in the US are increasingly becoming unhinged and acting more like crooks, but it's no where close to russia where they have zero liability beyond not respecting key regime interests.
US still has a measure of political de-centralization. You can elect mayors and governors and they have a measure of independence. While russian does have some regional independent power centres, they are still all aligned with the regime and its ideology.
I know, comparing your local political system to russia isn't really a sane approach. But I do think it is important to note that the differences do exist.
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They all cashed out after the IPO. They're probably laughing at the bag holders right now.
There may still be lawsuits, however. There are still many ways that he could lose a lot of what he gained.
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They 7-day banned me for 'encouraging violence' for saying I didn't think Mangione deserved to go to jail for what he did. I appealed it and it was lifted, but not before it was upgraded to a permanent ban for ban-evasion on other accounts (I've never had more than one account in my 14 years of reddit.) The perma-ban was lifted on appeal too, but by that point I was just like fuuuuck off.
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I can’t even think of a time in history where someone was a huge piece of shit in America and “lost everything.” Maybe R Kelley, P Diddy, and Bill Cosby? But only for the time they spent in whatever rich guy jail they got to go to and then they were fine.
There is also something about those 3 people I can’t put my finger on….
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Except he didn't live long enough to rat anyone out. That's the only downside to that story.
He was 100000% assassinated
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The most bizarre part of the Theranos scandal is that any medical lab tech/scientist could have told you, right from the initial pitch, the entire thing was a massive scam. There was literally no reason to ever think this technology was feasible and a mountain of reasons it wasn’t.
Elizabeth Holmes only got in trouble for lying to people who should've done their "due diligence"
The patients / families of the patients that Theranos lied to and mislead never got justice.
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Madoff died in a jail cell, that's gotta count for something.
I shit, I didn't know Madoff died
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The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
Microsoft has an AI store and all the apps are absolute crap. AI is a good Chatbot, but applying it to other things that can be monetized is clearly difficult.
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I can’t even think of a time in history where someone was a huge piece of shit in America and “lost everything.” Maybe R Kelley, P Diddy, and Bill Cosby? But only for the time they spent in whatever rich guy jail they got to go to and then they were fine.
I don't know if Sam Bankman-Fried is a huge piece of shit. He's definitely a liar and a scammer though. But he was like rich as anything and then lost it all. Now he's trying to curry favour with Trump to get out of jail.
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Elizabeth Holmes comes to mind. She manoeuvred herself into a position of wealth and power by defrauding other rich people and got herself 11 years in prison for it. That's 11 years more than most other rich scumbags get.
And that just goes to show:
The only time rich people are held accountable in the US, is when they fuck with other rich people's money.
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The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
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It pains me to see the US go down this path. I am well aware of how bad things are going in the US (I have close friends who live there). I agree with you regarding nationalism, street arrests by security, demonization of minorities and so on.
However, I am comparing my experience living in russia (as an expat who happens to speak russian fluently), my experience living in the US under Obama and US as it is today.
US still has competitive elections. The US centre right opposition is not a formal front for the regime. Compare that to russia were elections are a formality and the so called "opposition parties" get direct orders from the regime and exist as circus performers. US isn't at that stage yet.
Same with the US judicial system. It is definitely corrupt (and this was true even before Trump) and it is getting even more corrupt. However, the US judicial system has some level of independence and at least on some level you can have your rights be respected. Again, compare that to russia were the judicial system as such does not exist and has no authority whatsoever.
Security services in the US are increasingly becoming unhinged and acting more like crooks, but it's no where close to russia where they have zero liability beyond not respecting key regime interests.
US still has a measure of political de-centralization. You can elect mayors and governors and they have a measure of independence. While russian does have some regional independent power centres, they are still all aligned with the regime and its ideology.
I know, comparing your local political system to russia isn't really a sane approach. But I do think it is important to note that the differences do exist.
Fascism and other authoritarian systems aren't a measuring contest though. Just because somewhere else has been doing it longer or is more effectively doesn't mean somewhere else isn't doing or trying to do the same thing.
A benevolent dictatorship is still a dictatorship for example. While the Republicans have enacted widespread voter suppression that didn't guarantee winning an election, that doesn't mean they aren't working on the steps to guarantee it in the next election. Fascism doesn't require complete and total success to be fascism.
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Gee, that's too bad. It would be a real shame if that piece of human garbage Steve Huffman lost everything. A crying shame.
I too want to board the schadenfreude train. Choo choo. Fuck u/spez
