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[-] slaacaa@lemmy.world 330 points 1 year ago* (last edited 1 year ago)

“Growth for the sake of growth is the ideology of the cancer cell”

[-] PersonalDevKit@aussie.zone 87 points 1 year ago* (last edited 1 year ago)

The stock price will fall if we don't make more money then we did last year.

  • But why?

Because we are legally obliged to do what is best for shareholder, or they can sue us.

  • Right so the company needs to make more money again and again and again until the company or the world dies

About sums it up

[-] Immersive_Matthew@sh.itjust.works 17 points 1 year ago

Accurate. The laws need to find a balance as I get shareholders who took a risk on business would like to see a return, but it is way too slanted to the point that the risk is on our entire society. We need people to be in those laws not just shareholders.

[-] MonkderZweite@feddit.ch 20 points 1 year ago

Maybe stock market was a mistake?

[-] PsychedSy@sh.itjust.works 23 points 1 year ago

Our implementation certainly is.

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[-] pufferfischerpulver@feddit.de 17 points 1 year ago* (last edited 1 year ago)

I think it's a great idea in theory. Basically a form of decentralised loans. You need money to invest, you sell shares of your company to get some cash. In return the shareholders get a return if you succeed. And of course they can sell their shares if now your company is worth more. Seems alright with me tbh.

But nowadays it just seems like a fucking casino.

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[-] the_tab_key@lemmy.world 226 points 1 year ago

I thought this was about a cereal for a hot second.

[-] M500@lemmy.ml 50 points 1 year ago

I love Apple Jacks. I haven’t had them in years.

[-] Jerkface@lemmy.world 29 points 1 year ago

Why don't they taste like apples!? (⁠ノ⁠ಠ⁠益⁠ಠ⁠)⁠ノ⁠彡⁠┻⁠━⁠┻

[-] Ensign_Crab@lemmy.world 17 points 1 year ago

Wait until you hear about Grape Nuts.

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[-] Cephirux@lemmings.world 102 points 1 year ago

Please vote with your money. Don't waste money and buy overpriced stuff and certainly don't support this kind of business practice. And fuck the shareholders too. If they want money, then work like most people.

[-] burliman@lemm.ee 21 points 1 year ago

Already do. Used to buy new phone every year. Now it’s every three years or so. That is completely due to price and lack of compelling innovation. Don’t care if shareholders make money or not. I just like good value.

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[-] lanolinoil@lemmy.world 91 points 1 year ago

I read Apple Jack's like the cereal and was confused

[-] mriormro@lemmy.world 14 points 1 year ago

That was the point. There are several turns of phrase in the headline.

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[-] Un4@lemm.ee 76 points 1 year ago

I do not understand all the rage, Apple does not provide any vital services or products. They can charge anything they want. If you don't like it then don't buy it.

[-] morgunkorn@discuss.tchncs.de 20 points 1 year ago

but you still lock yourself in their offer space when you also bought devices that kind of depend on those services: music streaming for the homepod, fitness+ for watch, cloud storage for iphone photos...

every time you switch from apple to a third party, it's ever so slightly less convenient, and they probably conceive their products around that notion.

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[-] flop_leash_973@lemmy.world 75 points 1 year ago

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.

[-] Hoomod@lemmy.world 22 points 1 year 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"

[-] AceBonobo@lemmy.world 18 points 1 year ago

Better fire 50000 people ASAP

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[-] jetsetdorito@lemm.ee 67 points 1 year ago

I read the title 3 times before I realized it's not about cereal

[-] woobie@lemmy.world 15 points 1 year ago

I am so happy that I'm not the only one that thought Apple Jacks were vastly more profitable than I had expected.

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[-] Smoogs@lemmy.world 61 points 1 year ago* (last edited 1 year ago)

They are epitome of passive aggressive capitalism. “Will keep doin unethical shit til they make a law not to and even then you have to sue me to make me stop”

It’s nestle’s MO.

[-] squirrelwithnut@lemmy.world 56 points 1 year ago

I had to read the title several times before I understood that the article isn't about Apple Jacks, the cereal.

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[-] Treczoks@lemmy.world 54 points 1 year ago

The solution is simple: Don't participate in the Church of Steve Jobs, don't turn yourself into an Apple disciple (and apologist).

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[-] ky56@aussie.zone 53 points 1 year ago

The thing I loved about Apple 15+ years ago was that even though the hardware was expensive, it was semi modular and tightly integrated with the software and you got an offline product that you could also buy Apple server equipment and software for. 10 years ago was still ok but things were starting to erode.

These days there is no server software, no modularity, no ways to use enough of the new features without a cloud subscription and the hardware is just as expensive and designed with defects to limit it's lifespan (in my opinion). They want to have their cake and eat it too. I was a proud Apple fan boy but not a blind one. Well now they can fuck off. Bye.

I'm now fanboying about Framework and Pine64.

[-] Semi-Hemi-Demigod@kbin.social 25 points 1 year ago

Apple’s been ignoring professional users for a while now. Folks in sound and video production were the ones who kept them alive in the 90s. But they turned Final Cut Pro into iMovie+ and their professional machines are impossible to upgrade or repair.

Remember the outrigger cases? Or the G3/G4? Beautiful design, great airflow, and one latch and the whole thing opened up.

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[-] Ghostalmedia@lemmy.world 49 points 1 year ago

I can get the TV+ hike. I don’t like it, but I get it. When TV+ launched it had very little content and no one was going to pay for that little content unless it was cheap. But now there is a pretty good library of new stuff, and it’s usually of better quality than what’s floating around on HBO.

Arcade price hikes - now that seems like a good reason to cancel Arcade. If they’re going to add better games that take advantage of the new fast processors, I can understand console tier pricing. But the games still mostly feel like mobile games. And not mobile as in “Nintendo Switch,” mobile as in “flappy bird.”

[-] slaacaa@lemmy.world 27 points 1 year ago

The logic is that others raised subscription prices and got away with it, so they can too. Masks have come off in the last 1-2 years and corporations try to milk us for every last cent, using any excuse (e.g. Covid, energy prices) they can. Inflation is not a law of nature, it’s corporate greed for more profits

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[-] Vespair@lemm.ee 40 points 1 year ago

We need to abolish public trading, or at least vastly overhaul what it means to invest in a company

[-] chiliedogg@lemmy.world 30 points 1 year ago

Minimum investment times and mandatory profit sharing might help.

Make investors consider long-term and create income for shareholders from all profitable companies.

Right now a company can lose money while making shareholders rich, or make money while making shareholders poor. This is stupid.

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[-] TryingToEscapeTarkov@lemmy.world 33 points 1 year ago

They are just mad that they lost to "right to repair" in California so they are throwing a "fuck em we will charge them double then" tantrum.

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[-] LavaPlanet@lemmy.world 33 points 1 year ago

It will never be enough. That's the model of capitalism.

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[-] Mafflez@reddthat.com 32 points 1 year ago

And why would I want an apple anything? They get cheap labor so....what the investors want more money? Never had an iPhone or apple product never will.

[-] Syldon@feddit.uk 17 points 1 year ago

Hate to burst your bubble on that one, but all of the latest and greatest phones are made by cheap labour these days. Apple uses China and India, Samsung uses Vietnam, Google uses China and Vietnam with some assembly in the US.

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[-] Sir_Kevin@lemmy.dbzer0.com 31 points 1 year ago

Did any of the Foxconn workers that have to live in company dorms for slave wages get a raise?

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[-] psycho_driver@lemmy.world 29 points 1 year ago
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[-] oxjox@lemmy.ml 23 points 1 year ago

I’ve been an Apple loyalist since 1993. Practically everything I’ve loved about the company has gone to shit in the past few years. It used to be inspirational, seamless, intuitive. Now every new OS update makes something needlessly complex and confusing.
On top of that, they’re increasing prices for their services. I genuinely love Apple TV+ and still think with the increase that it’s an incredible deal. Still, they can suck a dick if they think I’m falling prey to this annual price increase bullshit. Apple stopped being an industry leader under Cook and became a basic vanilla consumer electronics and digital services company. It’s fucking disappointing.
What’s worse, they still do most things better than the competition so there’s little to do but hope things don’t break and disable auto updates. I have nearly every product category they put out but as things start to fail, I will not be replacing them. Instead, I’ll simply choose a more simple life without excessive tech.

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[-] JizzmasterD@lemmy.ca 21 points 1 year ago

Dang. That zany Kellogg’s cereal that the cool frog sells makes $19 billion a year 😳

[-] weew@lemmy.ca 19 points 1 year ago* (last edited 1 year ago)

Apple doesn't make any kind of necessity. Every single one of their products is completely optional in life and has alternatives.

If people are willing to pay for it, whatever. It's a luxury. It's not medicine or housing.

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[-] Blackmist@feddit.uk 17 points 1 year ago

Yes, but what if company was worth four trillion.

In any case, dollar down, prices up.

[-] Syldon@feddit.uk 17 points 1 year ago

I find fanboyism pretty much a naïve attitude to have. These are large companies that only have one aim in mind, and that is to make as much money as they can out of you. That is not the same as buying into an infrastructure that gives you a comfort zone. All phone companies strife to push people into that comfort zone, where they do not want to change. On that I am guilty as charged.

All in all you spend your money where you feel happier about it. If Apple want to out price their products then people will find alternatives. I never understand this culture of griefing people for having differing comfort zones. There seems to be a lot more emphasis on calling out people buying a bad deal, rather than just educating people on where the good deals are to be had.

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[-] bemenaker@lemmy.world 15 points 1 year ago

wall street hungry, feed me

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this post was submitted on 26 Oct 2023
1207 points (96.1% liked)

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