❝Ek said the firm had debated making smaller job cuts next year and in 2025. “Yet, considering the gap between our financial goal state and our current operational costs, I decided that a substantial action to right-size our costs was the best option to accomplish our objectives,” he added.❞

#Spotify #CorporateGreed

Screenshot of Spotify CEO Daniel Ek's profile on Forbes showing his net worth being 3.4 billion dollars.

Egg suppliers ordered to pay $17.7 million by federal jury for price gouging in 2000s

of course, we consumers COULD all #GoVegan & solve the animal torture & slavery part of the price gouging problem

#greed #CorporateGreed #Greedflation #food #egg

Mike B :rainbow_flag:
3 days ago

Meanwhile in #Nashville. Piedmont Natural Gas wants me to round up my bill to the next dollar to help my neighbors.
They are part of a company (Duke Energy) that made 4.6 billion dollars in profits in the first quarter of 2023.
Hey, Duke Energy, I have an idea if you really want to help...
#CorporateGreed #PiedmontNaturalGas

Michael Hartle
4 days ago

A pretty chilling variant of "This item was made with love by ...", and a reminder that the responsibility for corporate supply chains needs to be regulated by law.
#SupplyChain #CorporateGreed #humanrights #China

4 days ago

["It’s my understanding that I had over 80 million streams on #Spotify this year,” #WeirdAlYankovic said in his video. “So, if I’m doing the math right that means I earned $12. Enough to get myself a nice #sandwich at a restaurant.”

He added, “So from the bottom of my heart, thanks for your support and thanks for the sandwich.”]

#FuckSpotify #PayMusicians #Canadian #CorporateGreed

Andrew Smith
5 days ago

Sometimes I wonder what is going through the heads of marketing execs. BP are currently running ads telling us with full hearted enthusiasm that 30% of their investment is on renewables.

Meaning that in a Climate crisis that 70% of their investment is on fossil fuels?

I guess, thanks for letting us know you are actively investing in killing the planet.

#ClimateChange #CorporateGreed

5 days ago
LM Little
6 days ago
1 week ago

@ArrowbearMoore It's evil. I loathe ecocidal maniacs. I don't wish death on most people. I do wish agonizing deaths upon environmental demons who delightfully profit from killing life on Earth. I'm ruthless with folks who are addicted to ecocide & feel it's part of my duties as a human being, actively paying my overdue rent to #MotherEarth.

#CorporateGreed #GreedKills #StopEcocide #ProtectEarth

Paul Tichonczuk
1 week ago

Oh look, an article written by someone who backs the Canadian Oil industry. Of course electric car mandates will fail. Ignore all the countries where this has worked succefully. Nothing to see here. #corporateGreed #canada #environment #electricvehicles #electriccars

2 weeks ago

Standard Chartered pays R42.7 million (US$2.3 million) and admits manipulating dollar-South African rand exchange rate between 2007 and 2013.


2 weeks ago

"There are wide open spaces to breathe in,” promises Saguenay’s tourism website, displaying fjords, forests and snowshoe trails.

What it neglects to #advertise: the #timber, #phosphate & #niobium projects spoiling its landscape.
About 200 kms north of #Quebec City, #Saguenay’s boroughs are clustered around #mines & plants that include some of the province’s largest #industrial #polluters.

#Canada #environmental #pollution #CorporateGreed #Ecocide #GreedKills #CDNpoli

These companies go out of business and disappear to avoid the cost of of clean up after a well field is closed.
Then the people who ran these "defunct" companies come up with a new name to operate under and start working again for the oil corporations they serve and provide with enough distance from the environmental damage so they, too, avoid the cost of clean up.
Clean up is left to the states where oil exploration is conducted.
#Capitalism #FossilFuel #CorporateGreed

2 weeks ago

Martineau said she had management’s permission to talk about her #union experience, and denied using profanity.

Three days later, after arriving early, doing homework at a table, donning her work shoes and apron and charging the iPads, she was called into a side room, and #fired.

“It was #retaliation for #unionizing,” said Martineau, who is now weighing her options and seeking advice.

#Starbucks #Vancouver #YVR #StarbucksUnion #CorporateGreed #BoycottStarbucks

2 weeks ago

It’s complicated: #CanadianMuseumOfNature rethinks its relationship status with #Enbridge.

#Canadian #nature #museum says it’s ‘revising’ its #fundraising policy while former president defends taking #FossilFuel #money.

A trove of #InternalDocuments reviewed by #TheNarwhal has shed light on how the museum’s leadership spent considerable time & effort #soliciting money & other support from Enbridge, a large #OilAndGas company.

#DoBetter #CorporateGreed #GreedKills

As voting wrapped up on Friday, United Auto Workers members at Ford, General Motors, and Stellantis were all on track to approve contracts ...

"It's a good contract, you just can't get around that," said one UAW local president. "You look at the investment we got in 2019 compared to now, it's not rocket science. It's just better."#joebiden #labor #workers #corporategreed #ford #generalmotors #shawnfain #stellantis #uawstrike #unitedautoworkers
Big Three Autoworkers Approve Contracts After UAW Strike

LM Little
3 weeks ago

"the rates being paid to the privately-owned Don Mills Surgical Unit Ltd. are noticeably higher than what the province provides public hospitals for the same procedures."

#HealthCare #Privatization #onpoli #CorporateGreed #NeverVoteConservative

4 weeks ago

(Using a Jon Stewart voice): "and then there's this a-hole":

Quote "It took 500 artists five years to make a world-class animated movie," Katzenberg said at a Bloomberg conference. "I don't think it will take 10 percent of that [with AI]." #movies #CorporateGreed

4 weeks ago

Guess Zazlav and other top exec need their tax write-offs … I mean their bonuses to get over the dual strikes. Just awful: Warner Bros. Shelves John Cena’s ‘Coyote vs. Acme’ Movie a Year After It Completed Filming #movies #Zazlav #PullingAZazlav #CorporateGreed

Finder of Impossible Things
4 weeks ago

#Journal, Day 1330
Thursday, 09 November 2023
#UkraineWar: Day 625
#HamasIsraelWar: Day 33
#Massshootings in the USA in 2023: 597 & holding

#exhausted #movingfurniture #sagaftrastrike #corporategreed #mailbird #misrepresentation

4 weeks ago

#Jezebel is no more: via Will Sommer on twitter: "G/O Media is shutting down Jezebel after failing to find a buyer. Memo just went out from Jim Spanfeller; I'm hearing the Jezebel shutdown is instantaneous — staffers have already been kicked off Slack and email. Also in memo, G/O says it's laying off 23 editorial staffers across its properties, including the Jezebel layoffs."

Hollow gratitude and a bad day for reproductive rights in the U.S.

#NoLiberalPress #CorporateGreed

ETA WGA weighs in

screenshot from memo, per Will Sommer: 

As of this week we are making the very, very difficult decision to suspend publication of Jezebel. Few decisions over the course of my career have been as excruciating, and I want to make clear this is in no way a reflection on the Jezebel editorial team. They have had many successes over the past year or so and continue to do great work in difficult times. To an individual the Jezebel team has worked to meet and exceed their audience's needs and wants in an incredible important time for the core topics of the site. Their urgent, breakthrough coverage of reproductive rights in this post-Roe era, as well as other key issues core to modern women, affirmed the brand's storied legacy as the website that changed women's media forever.
More from the memo, per Will Sommer:

Unfortunately, our business model and the audiences we serve across our network did not align with Jezebel's. And when that became clear, we undertook an expansive search for a new, perhaps better home that might ensure Jezebel a path forward. It became a personal mission for Lea Goldman, who worked tirelessly on the project, talking with over two dozen potential buyers. It is a testament to Jezebel's heritage and bonafides that so many players engaged us. Still, despite every effort, we could not find Jez a new home.

I haven't given up on Jezebel. Media is nothing if not resilient. So are its practitioners. I will keep you apprised if circumstances change.

With the suspension of Jezebel's operations, we must unfortunately part ways with their incredibly talented editorial staff. I want to thanks the site's team, both past and present, for their dedication, fearless voices, and indelible contributions to our culture. You changed the game.
Tweet by Susan Rinkunas:
Jezebel forever. ABortion is the story of the 2024 election and I'm ready to cover it with the rigor and resources it deserves. Reach out: SusanRinkunas at gmail dot com

Quoted tweet by Will Sommer:
Media news: G/O Media is shutting down Jezebel after failing to find a buyer. Memo just went out from Jim Spanfeller:
(attached at the images that I have attached to my own post here)
/end quoted tweet.
Writers Guild of America East
Statement on G/O Media's decision to shut down Jezebel

New York NY November 9, 2023:
The following is a statement from the Writers Guild of America East members at Jezebel regarding G/O Media's decision to shut down the site:

We are devastate though hardly surprised at G/O Media and Jim Spanfeller's inability to run our website and their cruel decision to shutter it. Jezebel has been a pillar of fearless journalism and important cultural commentary since 2007 and made an indelible mark on the media landscape. The closure of Jezebel also underscores fundamental flaws in the add supported media model where concerns about brand safety limit monetizing content about the biggest, most important stories of the day, stories that create huge traffic because people read and share them. A well-run company would have moved away from an advertising model, but instead they are shuttering the brand entirely because of their strategic and commercial ineptitude. Jezebel was a good website.
1 month ago

@brucelawson “Same Safari. Different device”. Ha!

#CorporationsSuck #CorporateGreed #Apple #law

1 month ago

If you pay for Prime, be ready to pay for ads in your videos starting early 2024

And if you don't want ads, you pay some more on top of your Prime fees.

But, "free with Prime" right? just like Kindle Unlimited is "free".

It's #CorporateGreed all the way down.

Tweet by Dr Holly Walters (@Manigarm, time stamp 5:05pm Oct 30, 2023):

Congratulations. All those "disruptors" and "innovators" have finally managed to create cable tv.

It's never been about inventing anything new. It's just about re-creating existing systems but without the labor protections and income guarantees.

(screenshot of the headline in the piece linked in my post: amazon to introduce ads in prime video in 2024)
1 month ago

Well this pisses me off... Not gonna buy Samsung or Motorola ever again, disabling phones remotely wth?! 😡 #DRM #Overreach #CorporateGreed #Data #Mexico

LM Little
1 month ago

"It’s time to make polluters pay. The Government of Canada should move ahead with the proposal to implement a windfall tax on the fossil fuel industry’s excess profits."

#cdnpoli #WealthTax #Profiteering #ClimateBreakdown #CorporateGreed #BigOil

Adrian Morales
1 month ago

Just 3 days ago I tooted how Netflix is raising its prices, again.

Now it's Apple's turn to do the same. That a trillion-dollar company wants more, always more is absolutely disgusting!

#Capitalism #CorporateGreed #Wednesday

LM Little
1 month ago

"behind every great fortune is a great crime. It was this #Osage oil that created one of #America’s greatest fortunes: the Koch family, whose wealth is calculated at over $120bn. #Kochs have used this wealth to build a fearsome ultra-rightwing force that can create and destroy political careers."

#BigOil #uspoli #CorporateGreed #RegulatoryCapture #IndigenousPeoples #Colonialism #Film

2 months ago

Microsoft put their tax-evasion in writing and now they owe $29 billion

"If there's one thing I took away from Propublica's explosive IRS Files, it's that "tax avoidance" (which is legal) isn't a separate phenomenon from "tax evasion" (which is not), but rather a thinly veiled euphemism for it:"

#Microsoft #taxevasion #monopolies #CorporateCrimes #CorporateGreed #corydoctorow

Sharon Murphy
2 months ago

Growth should not mean "more",
but instead should mean better,
broader and deeper.

Full of anger for @bandcampunited staff that have been laid off, for the artists for whom it was their primary platform, and for the users who love their #BandCamp collections. I fall into two of those categories.
Why can't nice things be left alone?

#Haiku #TinyPoem #WritingCommunity #BandCampUnited #Capitalism #CorporateGreed

Charlie McHenry
2 months ago

A Murder Story: Whatever Happened to Interoperability? The eminent Cory Doctorow, @pluralistic, accurately reveals the murder of #interoperability by tech giants in this new post. Long, but totally worth a read. Here’s a sample: “Interoperability wasn’t killed by the reverse-engineer-proof computer nor by the lack of market demand for aftermarket modifications. It was killed by regulatory capture, arising from market concentration, arising from the bad idea that monopolies are efficient sources of consumer welfare, rather than deep-pocketed rent-seekers who leverage their scale to extinguish rivals, corrupt our politics, harm workers, and gouge customers.” #tech #technology #TechNews #CorporateGreed

2 months ago

A story of corporate greed
In pictures.
As in they can't even fill it completely

Not even full 😼
Not a knock off brand.

Companies and institutions that need to be bailed out by the government when they fail, should be owned by the government. You can’t privatize the profit and socialize the losses.

#Socialism only when it benefits you. #Bailout #CorporateGreed #Greedflation #LivingWage #TaxTheMegaRich #Capitalism

USLUCK D - 6m Couldn’t have said it any better 👏 💯 #Facepalm couldnt-have-... 

Halli @iamharaldur posted> 
Companies and institutions that need to be bailed out by the government when they fail, should be owned by the government. You can’t privatize the profit and socialize the losses. 3:18 PM - 10 Mar 23 -   31K Likes
2 months ago

1 million Poles protesting outside parliament today against fascist Government’s decisions taken to appease corporate greed rather than the populations interest.
#ClimateCrisis #CorporateGreed #CostOfLiving #CorruptGovernment #Fascism #Billionaires #IndirectPlutocracy

Jón Fairbairn
2 months ago

We recently had a letter from our ISP saying that they were going to increase prices annually by the RPI rate of inflation /plus an additional 3.9%/
If that isn't #Greedinflation, I don't know what is @ChrisMayLA6 !
#Greed #CorporateGreed

Mojo ♻️
2 months ago

Eight years ago, #Airbnb was a new platform with a hidden dark side. Now the warnings are sounding again over the future impacts of #AI - ABC News #gigeconomy #corporategreed

Rob Vanwey
3 months ago

It is remarkable the number of people who boycotted Bud or Target, driven by a desire to deny people rights. But when their own rights are denied, time and again, they do nothing. #corporategreed If you like my work, consider subscribing!

Dave Rahardja
3 months ago

If you can’t afford to pay your workers a living wage, you don’t actually have a business model.

“McDonald’s franchisee group says new California fast-food bill will cause ‘devastating financial blow’”

#livingWage #corporateGreed #inequality

Addendum 1 cont'd

* 39% respondents feel economic issues impact their mental health
* suicide ideation among Canadians experiencing financial challenges alarmingly high
* 41% reporting having thought about suicide 2022-2023
* inflation affecting Canadians: 24% report going into debt as result

#Canada #suicide #ideation #mhrc #MentalHealth #economy #inflation #profiteering #CorporateGreed #DefundCorporations #HumanRights #AffordableHousing #FoodSecurity #socialism

Github actions are designed with no CPU efficiency in mind.

It terrifies me how much time Github actions spent doing same things again and again in cases where it could easily be mitigated by cache and a good CI system design that targeted to spent resources effectively in general.

Unsurprisingly Github Actions billing is based on minutes spent repeatedly doing those things.

#Github #GithubActions #GiveUpGitHub #CI #CarbonEmissions #CorporateGreed

4 months ago

#Streaming companies are playing a very dangerous game with regards to the ongoing #wgastrike.

As a #filmworker previously employed by Netflix & other companies, I am currently out of work due to the never ending #greed of their rich studio execs.

Today, as we pass day 100, my wife and I concluded to drop our #AmazonPrime and #Netflix accounts in support of the #WGAStrike. We’ve been on Netflix for two decades now, what an end to an era!

At this point I wonder what it will take for these studios to ever bring us back…

Streaming companies have shown their true colours; their greed is toxic to writers, artists and the industry itself.

Is capitalism winning? Not in our home. We control own own dollar, and we’re done shelling out to #corporate junkies.

#WGAstrong #SAGAFTRAstrike #Paramount #Disney #Apple #CorporateGreed #Capitalism

LM Little
4 months ago

"the government is something more than corrupt. There’s corruption. There’s utter corruption. And then there’s funnelling more than $8 billion to your developer buddies and party donors through land swaps in the bright light of day and expecting to get away with it."

#Greenbelt #onpoli #CorporateGreed #CorporateCorruption #TransactionalGovernance
#biodiversity #waterisLife

This is *not* getting the national attention that it deserves.

In short, the era of free over the air TV that goes back multiple generations in the United States may soon be over.

The FCC is soliciting comments on this matter. So if you feel strongly that airwaves belong the people, tell the FCC. #DRM #TV #CorporateGreed

4 months ago
4 months ago

It saddens me that two generations have now grown up consuming almost all their music in compressed form - aka #mp3
My son's party #music at the weekend was (of course) all streamed from #Spotify. The sound quality is apalling. Mushy and lacking in sparkle and dynamics. Even including tracks which I know have been recorded to a very high quality standard.
And the artists behind the music are being screwed too.
How can we have gone so backwards 😩
#audiophile #hifi #corporategreed

5 months ago

#Capitalism is a cancer, and the deeper you dive into the rabbit hole, the more deception, lies, and ploys do you find at the core of the system that dominates our modern world. Recently I stumbled upon this great research paper of Dylan Sullivan and Jason Hickel (@jasonhickel), called "Capitalism and extreme poverty: A global analysis of real wages, human height, and mortality since the long 16th century"
(You can read the full paper here:

These two gentlemen methodically and rationally take apart the entire hoax about #capitalism having historically improved living standards for the people under its influence, demasking it as a blatant lie.


"As for the impact of capitalism on human welfare: data on wages, human height and mortality indicate that the rise and expansion of the capitalist world-system from circa 1500 caused a decline in nutritional standards and health outcomes. Recovery from this prolonged condition of crisis occurred only recently: the late 19th century in Northwest Europe and the mid-20th century in the periphery.

If one starts from the assumption that extreme poverty is the natural state of humanity, then it may appear as good news that only a fraction of the global population lives in extreme poverty today. However, if extreme poverty is a sign of severe social dislocation, relatively rare under normal conditions, then it should concern us that - despite many instances of progress since the middle of the 20th century - such dislocation remains so prevalent under contemporary capitalism. Depending on the subsistence basket one uses to measure poverty, as of 2008, between 200 million and 1.21 billion people live in extreme poverty[...]."


As the paper proves and going by many other indicators and research done on #capitalism, the system doesn't view poverty as problem to be solved, but rather as a desired state of people and countries.

#Colonialism (now #neocolonialism) was built on the premise of a few rich and powerful exploiting aborigines and their land to enrich themselves while catering to a lowly and vulgar superiority complex. This continues all the way into modern times, where colonialists (now in the shape of multi-national corporations) extort resources from economically-weaker countries to feed their shareholders. For colonialism poverty plays a key role to keep the local population on a tight leash. After all, those who struggle to make a living have no time to think of rising against their oppressors, right?

But, this isn't limited to international relations either.

Take the US, the land of the free which embraces the capitalist mindset the most, for example (of course the same applies to all other capitalist countries but sadly the US is furthest down the line when it comes to implementing the worst aspects of capitalism).

Here you have companies artificially keeping a certain percentage of citizens poor because those people can then be used as leverage against the working citizens. #Poverty is being weaponized as a threat and as a state to be frowned upon. But, because of the social shunning and capitalist outlet labeling poverty as proof of "laziness", the 38 million poor Americans (figure according to US Government for 2021) cannot fight back. They're busy trying to survive. In a land that can fork over 900 billion dollars for its annual defense budget.
And to make clear that the US isn't an outlier with this either, Germany (my current homeland) has 17 million poor people (according to the Paritätische Sozialverband) - a country that has no problem spending billions to subsidize big corporations during Covid.

As such, you can see that capitalists and the governments steered by them have no interest in resolving the issue of poverty. Instead, they artificially create it to use it as a tool to extort ever more money from other countries and their own citizens.

Thanks for reading all the way to the end. I feel addressing poverty is a very important topic because the poor (of which I used to be part at some points of my life) don't have enough of a voice in media, politics, or anywhere else.

#SocialInequality #Social #systemchange #exploitation #corporategreed #capitalists #science #research #society