Technology

59377 readers

2543 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

266

How Stupid Do They Think We Are: Media execs don’t want the sites, they just want the names (aftermath.site)

submitted 8 months ago by _number8_@lemmy.world to c/technology@lemmy.world

21 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Custoslibera@lemmy.world 13 points 8 months ago (1 children)

I don’t think portraying the execs as just dumb and the general public as mega brains is accurate…

The execs want to strip out value as profit and take actions to maximise this, they don’t care if it fundamentally tanks the business because as long as they make a profit overall they can just drop the husk that’s left at the end and move onto another business they can bleed dry.

[–] DragonTypeWyvern@literature.cafe 6 points 8 months ago

It's literally the foundation of neoliberal model capitalism as pioneered by the likes of Jack Welch.