Musk buying twitter, Bezos buying WaPo, Ellison buying CBS—all are less profitable now. But they’re political investments that increase the value of the new owners’ portfolios
Wealth concentration makes this possible, and that’s one mechanism by which inequality destroys democracy
Someone at work shared this today. Amazingly, the tweet is still live.
Not sure any human alive is responsible for more death and destruction on a per-capita basis than Elon Musk... 🤔
Jake Grumbach
A problem with authoritarianism and media conglomeration is that the owners of these media companies don't care if they are profitable so they use them rather to send signals to the authoritarian who wields control over their profit-making businesses.
For the good of the entire open source community and all open source contributors, these people need to be sued into the ground
Ryan Enos
Articles notes one context of the bankruptcy proceedings here. NYC landlords whine about needing to deal with heavy debt loads - but many took on debt in order to build rehab war chests to evict rent controlled tenants and then raise rents, only to have those tactics blocked.
The ultimate boss of failing upward.
there should not be risk-free returns to capital to such an extent that capitalists take out huge loans to make unreasonable bets under the pretense that the capitalists and/or the banks will be bailed out if they miscalculated the risk
CBS News boss Bari Weiss is likely to gain editorial oversight of CNN if and when Paramount Skydance’s acquisition of Warner Bros. Discovery is approved, according to a report.
Nathan Newman- Working to 8647, the Pedophile Rapist
Mike Boylan-Kolchin
When they tell you it's the baby boomers retiring that caused this they are lying. If demographics were all it was we'd be solvent for another 30 years.. The 1983 reforms were designed to absorb the boomer retirement spike.
