Lee Duna to [email protected]English • 2 years agoApple jacks prices to juice profits because $19.3B a quarter isn't enoughwww.theregister.comexternal-linkmessage-square220fedilinkarrow-up11.25K
arrow-up11.25Kexternal-linkApple jacks prices to juice profits because $19.3B a quarter isn't enoughwww.theregister.comLee Duna to [email protected]English • 2 years agomessage-square220fedilink
minus-square@[email protected]linkfedilinkEnglish75•2 years agoThat is the thing with for profit companies, especially publicly traded ones. No matter how much they make, it is never enough. Next quarter must always be higher than this quarter or the world is on fire and heads will roll.
minus-square@[email protected]linkfedilinkEnglish4•2 years agoThe problem is their moat. If customers can easily go somewhere else hiking prices will have clear consequences.
minus-square@[email protected]linkfedilinkEnglish1•2 years agoReddit has competition but also a big moat in that a lot of people need to collectively decide to move platform.
minus-square@[email protected]linkfedilinkEnglish1•2 years agoNo disagreements from me. Enshittification at its finest.
minus-square@[email protected]linkfedilinkEnglish22•2 years ago“our company only made 19 billion, we expected to make 19.1 billion, we are not sure how we are going to survive this”
That is the thing with for profit companies, especially publicly traded ones. No matter how much they make, it is never enough. Next quarter must always be higher than this quarter or the world is on fire and heads will roll.
The problem is their moat. If customers can easily go somewhere else hiking prices will have clear consequences.
*if there is actual competition.
Reddit has competition but also a big moat in that a lot of people need to collectively decide to move platform.
No disagreements from me. Enshittification at its finest.
Infinite growth.
“our company only made 19 billion, we expected to make 19.1 billion, we are not sure how we are going to survive this”
Better fire 50000 people ASAP
Fire one million