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this post was submitted on 25 Apr 2024
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It's like I've told a number of my bosses in the past: you have to treat the people making your money for you well, or they just fuck off. They never listen, and everyone always just fucks off. I'm a soothsayer!
They figured out that that statement isn't true when they control the entire market through insider fixing and oligopolistic practices. They also figured out that the average person's tolerance for eating shit is much higher than previously thought.
Or they whine "young people just don't want to invest themselves" in their shitty company.
Hey, the more tranquility in the market, the more you get investors looking to enter it and extract things. Your goal should be to make it a hell scape for all involved and with an acceptable margin if you want to maintain your vice president position.
Not as high as they thought, though. Which is why all the streaming services are losing customers and getting super desperate.
To be fair most streaming services were never profitable and ran purely off VC funding