SeeStars

joined 2 years ago
[–] SeeStars@kbin.social 6 points 2 years ago

reddit was fun

 

The Supreme Court ruled Biden's student-loan forgiveness is illegal, meaning borrowers will resume payments without debt cancellation this year.

 

the deed is done.

#RedditMigration

 

saying my final goodbyes to reddit

#RedditMigration

[–] SeeStars@kbin.social 2 points 2 years ago

reddit is not fun anymore

 

Clarence Thomas’s majority opinion ensures that innocent people will spend years behind bars.

 

Foundation for Government Accountability, backed by Richard Uihlein, exerting influence in Ohio, Missouri, South Dakota and Arkansas

[–] SeeStars@kbin.social 2 points 2 years ago

Finally, no more "New Soup"

 

Conservatives say liberals want to kill talk radio. But there’s plenty else on the AM dial – much of it essential

 

Secretary of State Antony Blinken on Monday said the US “does not support Taiwan independence” after a meeting with Beijing officials including Chinese President Xi Jinping.

 

The US leader makes the remark just after talks aimed at easing tensions between the countries.

 

Many women's concerns now extend beyond abortion access to health and reproductive care.

 

Original take found on another forum.

"I think we're seeing the beginning of the tech bubble bursting again.

You've got the successful companies that provide a case study in tech industry profitability(Google, Amazon, Apple, etc.) which is why you've got all these venture capital firms plowing so much money into startups, left and right, because they expect that one of them will be the next Google or Amazon. Now that low interest rates have gone bye-bye, the VC firms are demanding that these startups start showing a profit. However, almost all of these startups have one of the following problems:

1.) They were never profitable and can never be profitable because the fundamental concept of what they do is thoroughly flawed
2.) The service or good they provide could be profitable, but due to being formed during a time of easy money, their current business model is incapable of being profitable, and they are too over leveraged to be able to restructure themselves into a more profitable setup
3.) They are perfectly sustainable/profitable, but their financiers expect far more return on investment than they are capable of providing

The result is the trend of "enshittification" as VC investors force unwanted changes onto these startups in the hopes of increasing revenue. This is stuff like locking previously free features behind a paywall, clogging everything with ads, cutting costs somewhere (payrolls, server space, etc) that negatively affects the user experience, raising prices, or needlessly bolting on something that nobody asked for because it's one of the only things that VC firms might still blindly throwing money at(AI).

Even the actually profitable companies are doing this shit because they are just addicted to the ridiculous growth they've enjoyed in the past."

 

President Joe Biden is honoring Indian Prime Minister Narendra Modi with a state visit this week. Biden is extending the high honor even though Modi’s government has stayed on the sidelines in Russia’s invasion of Ukraine and as human rights activists express alarm about the state of India’s democracy. The Biden administration sees its ties to India as a defining relationship, one that will be essential to confronting challenges as varied as climate change, artificial intelligence and China’s assertiveness in the Indo-Pacific. Modi's four-day U.S. visit begins Tuesday and includes a stop in New York for meetings with business and thought leaders and a yoga event at the United Nations.

 

More than 70 people were shot, 13 fatally, in Chicago over the holiday weekend, including a father of four who was gunned down at a Father's Day park gathering.

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