this post was submitted on 05 Sep 2024
491 points (97.9% liked)
Technology
59378 readers
2959 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Advertising and advertisers are the reverse midas touch of the internet. Everything they touch turns to shit.
Case in point, just look at reddit.
YouTube is terrible without an ad blocker. The current business model is: bait users with free entertaining content, insert reasonable level of ads, stockholders get mad there isn't exponential growth, really annoy users until they subscribe. I get that companies need to make money, but this cycle seems to be faster than ever now.
The rule is ghat they need to make more money than the year before. A company that need to make money and does would not be an issue. But a company that needs to make more and more each year is the disease.
This whole idea of infinite growth is so fucking stupid because it's just not possible.
Nothing grows infinitely. It's a complete denial of reality, and because businesses refuse to accept the idea they cannot infinitely grow, we end with no plans for periods of no growth, which ends up in layoffs and the poorest getting fucked while the morons demanding infinite growth take all the money and try and do it again somewhere else.
They didn't need to grow. Current Wallsteet calculation is margin % + growth % => 40%