Latest comic on the looting of Red Lobster by private equity

#economy #business #corporations #PrivateEquity #RedLobster #cartoon #comic

"From the bosses’ perspective, nothing has changed about their behavior. Ten years ago, they twiddled the knob as far as it would go, every chance they got. Today, they do the same – the difference is that today, the knobs turn much more freely." - @pluralistic

https://triangletoot.party/@aburtch/112529981423286506
#enshittification #tech #business #regulation #LateStageCapitalism

aburtch

2024-05-30 12:14:09

. @pluralistic is essential reading these days. No one else explains why we are where we are today and how we got here better than he does.

For example, check out this recent essay: https://locusmag.com/2024/05/cory-doctorow-no-one-is-the-enshittifier-of-their-own-story/
or listen to it here: https://pca.st/episode/3079b9c2-3178-48a8-b699-08eb5a802ba4

Q: Why is everything so bad these days? People get worse service at higher prices while those supposedly giving them to us also make less as the digital platforms suck up all the profit.

Cory Doctorow: No One Is the Enshittifier of Their Own Story

No one was more surprised than I was when the American Dialect Society named ‘‘enshittification’’ – my dirty little coinage to describe how everything on the internet is (suddenly, simultaneously) …

^{Locus Online}

Scarlett Johansson’s AI Legal Threat Sets Stage for Actors’ Battle With Tech Giants
#Business #BusinessNews

https://www.hollywoodreporter.com/business/business-news/scarlett-johansson-ai-legal-threat-1235905899/

Scarlett Johansson, OpenAI Voice: Lawsuit for Actors Threatened

Voice actors are filing lawsuits while SAG-AFTRA is rallying lawmakers to bar AI companies from misappropriating members' likenesses.

^{Winston Cho (The Hollywood Reporter)}

True. "VCs aren't your friends".

https://openvc.app/blog/vcs-arent-your-friends

#business #investments

VCs aren't your friends

As founder-friendly as VCs claim to be, they remain investment professionals. Many first-time founders are oblivious to this nuance, and are in for a rude awakening when they start their raise.

^openvc.app

Google I/O wrapped up, and I have a LOT of thoughts. Shot a quick reaction video on the keynote here https://somegadgetguy.com/b/455
Some really interesting AI tools are coming, but will Gemini search continue hurting website traffic?

#tech #technology #business #news #technews #bbtg #geek #google #googleio #search #AI

Google I/O 2024 Reactions: Will AI Search Destroy YOUR Website Traffic?

Google I/O is here! I just finished the keynote, and I have a LOT of thoughts. We’re seeing some fun demonstrations of Gemini services. New ways to help people sort and organize their informa…

^{SomeGadgetGuy}

Watching #GoogleIO and there are some cool demonstrations of data center cloud computing, but there's also this fog of dystopia surrounding these demos.
The announcements for search are horrifying. Google is full mask off.

Phrases like "search for something, and we'll collect all this data for you" basically equates to:

"We sucked up ALL the data from people who really did the work, and we're going to give you the results of their hard work, but we wont take you to the site that generated the data. You can stay on the search page, and the site's traffic will plummet."

This is shocking.

#tech #technology #ai #google #search #llm #geek #technews #business