this post was submitted on 03 Nov 2024
353 points (98.1% liked)

News

23287 readers
4082 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 24 points 1 week ago (5 children)

The problem is that we judge its success by how much the wealthiest people bet on its success in a glorified casino instead of anything else, like its positive impact on society.

A plane can continue to fly without a pilot. The problem is not "continuing to exist", but continued success or a spectacular crash.

Also, I'd bet on Dropbox being able to function quite well without its CEO.

[–] [email protected] 1 points 1 week ago (4 children)

Sure, if the CEO is replaced by someone else who can manage the company, sure. But you cannot generally expect people to manage themselves. That’s why communism never worked and never will.

Also, what is according to you a glorified casino?

[–] [email protected] 1 points 1 week ago (3 children)

Your comment does not make sense. In communist countries, companies still have CEOs, they just don't have private shareholders, they are owned by the state. Not that I care about that.

And what I call a casino is the NYSE, when stocks offering no dividends are pumped to the stratosphere, with purely speculative buys.

[–] [email protected] 1 points 1 week ago (1 children)

Imagine calling stocks a casino xD

[–] [email protected] 1 points 1 week ago (1 children)

Imagine calling stocks your economy.

Not all stocks, though, just the ones with sharp upward trends despite the fundamentals and no dividends or voting rights. How are they different from a big-tech backed shitcoin? You don't get part of the economic output or even the influence, they are simply a token given to you by a random corpo saying it will be worth more next month.

[–] [email protected] 1 points 1 week ago

You can buy a part of company. If you buy 0.00001% of that company, you surely won’t take part in the decisions as your vote does not matter. From the other side, if millions of people owning 0.00001% of the company were making decisions, it would have been very slow to respond to the competition.

It’s all quite simple. If you disagree with company’s management, just sell the stocks. And no one is saying that company’s stock will be worth more next month.

load more comments (1 replies)
load more comments (1 replies)
load more comments (1 replies)