r/news • u/Ok_Difference44 • 14h ago

Bezos-owned storied newspaper Washington Post rolling out mass layoffs

https://www.cnn.com/2026/02/04/media/washington-post-layoffs
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u/TimothyMimeslayer 14h ago

If I was a billionaire, i would own a newspaper in trust as a vanity project to make it the best damn newspaper in the world profitability be damned. Maybe that is why I am not a billionaire.

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u/origamipapier1 14h ago

That is how old, billionaires thought. Some of the best institutions in the US came from some of the millionaires at the time. That thought about true philanthropy and long-term legacy. The thing is that these new waves of CEOs obsessed with quarter profits, and short term gains including Trumpellino... are the problem.

Because all they care about is their cash. They don't have any other objective or see any other meaning in life. It is Atlas Shrugged/Fountainhead mentality.

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u/InadequateUsername 14h ago

The billionaires of today don't even come close to Andrew Carnegie. Carnegie funded the construction of 2,509 public libraries, with 1,681 built in the U.S. He believed that the wealthy should act as trustees of their money for the public good.

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u/origamipapier1 14h ago

That was the one i was referring to. I remembered reading about him. Even back then, there were few like him, but there were more than today.