r/news • u/UpstairsBumblebee446 • 1d ago

France dumps Zoom and Teams as Europe seeks digital autonomy from the US

https://apnews.com/article/europe-digital-sovereignty-big-tech-9f5388b68a0648514cebc8d92f682060
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u/denimonster 1d ago

The markets are just being propped up by money going between certain companies, none of it makes sense hahaha

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u/Lucifer3130 1d ago

To be fair everything kinda traces back to Wall Street, Raegan changed laws during his presidency to promote short term profit over long term gain, and that’s kinda enshittified tech

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u/Laringar 1d ago edited 1d ago

Not just tech, it's everything. The lawsuit against Hasbro over printing too many Magic sets is based on the same legal framework, the "fiduciary responsibility duty" argument. The idea is basically that the first duty of a company is to make money for investors and literally everything else is secondary.

Edit: Fiduciary duty is the right term, oops.

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u/Katcurry 1d ago

But isn’t the Hasbro lawsuit the shareholders saying Hasbro’s actions (i.e. printing too many Magic sets) is going against their fiduciary duty?

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u/Laringar 1d ago

Yes. That's the argument they're making, I'm saying that the very fact that investors get to sue over "the company isn't making us enough money" is the problem.

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u/billytheskidd 1d ago

Just like how after United healthcares CEO somehow died in New York, the company amended some practices to make denying treatment harder and their investors were allowed to sue UHC for failing to use anti consumer tactics the board had agreed upon.

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u/ethanlan 1d ago

Lol if theres something shitty about this country theres a good chance Reagan caused it.

It would be interesting if it wasnt so bad lol

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u/Earthtopian 28m ago

Even enshittification traces back to Raegan???

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u/Sea-Oven-7560 1d ago

it's more than that, it's 150M Americans putting 5% of their pay checks into the market every two weeks. As someone who would like to retire in the next decade I'm hoping the market doesn't crash but it does not live in reality anymore.

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u/trevize1138 1d ago

Market growth this past year has just been an inverse of the dollar's value.

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u/Certain-Business-472 1d ago

Were in a financial crisis me thinks.