Corporations: hey guys, let’s unionize so the government doesn’t exploit us.
Employees: hey, can we als…
Corporations: NO.
Well it’s not employees want the corporations to have unionized, but they just have less power to do anything about it
I didn’t say the employees wanted corporations to unionize or not. The joke was corporations interrupting employees asking if they can also unionize.
every pirate related theme song getting increasingly louder in the background
If watching One Piece has taught me anything, it’s that if you try and kill a pirate all that happens is you make better pirates.
Nintendo has been putting anti-piracy protection in all of their consoles since the NES in the 80’s. Every single one was cracked eventually. Oh, but surely they must be getting better? Nope, the Switch was cracked less than a year from release.
And Nintendo controls the hardware in this situation. Streaming services do not.
Just call it what it is: bribing power
streamers are currently being forced to reckon with their profitability — or lack thereof.
Netflix’s 2023 2nd quarter revenue: 8.1 billion dollars BTW
Brace yourself for a tidal wave of corporate apologists rushing to point out that “revenue isn’t profit!,!”
The number you’re looking for is $1.49 billion in net income for Q2 2023.
Profit is the portion of revenue that is stolen from workers and given to shareholders. Profit is bad. Revenue is good.
Unless you use that revenue to do stock buybacks, then it’s not considered profit but you still get to steal it from the workers. That way you can cry about unprofitability while all your shareholders and c suites crank up the exploitation of workers and consumers chasing “profitability” until the business collapses.
Anybody can look these numbers up. I’m not sitting on some secret Bloomberg terminal LOL
…but it’s not. And I really think people either don’t understand that or they are intentionally misrepresenting the situation.
Being level-headed and fact-driven isn’t “corporate apologist”, it’s how you maintain integrity and don’t derail your own movement by being dishonest about shit that doesn’t even matter.
It’s like when Trump lies about his golf games. No one cares about his golf games but it makes you realize that if he’s willing to blatantly and badly lie about something so trivial, he’s probably also lying about absolutely everything else about him that might even remotely appear negative.
Plenty of people understand it, and some of them understand that profit is so malleable that it’s not really a useful measure of a company’s financial health. What really matters is how much they make over their essential production operational expenses. They can tailor their non essential expenses to seem as profitable or unprofitable as they want and use stock valuation tricks like buybacks to make money for shareholders regardless.
What does it matter if the company is profitable or unprofitable on paper when certain people can make lots of money off it either way? Twitter was “unprofitable” it’s entire life but somehow I bet the executives still got their bonuses, I doubt the shareholders were dissatisfied with their stock valuations or the buybacks, and it sure didn’t stop them from acquiring other companies.
Net income doesn’t equal profitability either. Companies scale their costs, including stock buybacks, based on revenue. https://ycharts.com/companies/NFLX/stock_buyback
The slow march back to cable is unstoppable.
Pirate everything. Share everything.
Piracy is an access problem, not a consumer problem.
dismantle capitalism. I bet in like 24 years some disruptor is going to come along and buy up rights to the shit thats on peacock Hulu etc now and offer 9 bucks a month to stream it to you. rinse repeat. fuck this corpo nightmare.
Not going to happen with Disney. They are lobbying to increase it even more than 100 years.
