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Joined 1 year ago
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Cake day: June 20th, 2023

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  • Why would they have to keep up with their appraisal? There is no downside to not doing it, other than not being worth as much if they want to sell or IPO, but that would be true even without the equity firm’s investment and appraisal. No law says they have to meet the expectations set by a single investor. There is no legal duty requiring a company to maximize profits or shareholder value.

    However, even if such a law requiring them to maximize profits existed, it’s very reasonable that they would legally continue making the same types of movies that earned them that value in the first place. There couldn’t possibly be a requirement for them to change business strategies, else every company would eventually all end up in the same, most profitable industry. They’d all be selling movie theatre popcorn or something.


  • I hate ads as much as anyone and have been blocking them for almost as long as ad blockers have existed. I still acknowledge the fact that ads are the primary revenue source for a lot of things on the Internet, and I selectively enable them for content I want to pay for.

    How do you think Youtube is supposed to survive without ads or subscriptions? When they puts ads on their site, the unsaid agreement is that you exchange your ad views for their service.



  • WhipTheLlama@lemmy.worldtoLemmy Shitpost@lemmy.worldThe truth about Canada
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    1 year ago

    Thanksgiving, where we celebrate what we did to the natives.

    Despite all the awful things that settlers have done to Aboriginals in Canada (and Native Americans in the USA), neither country’s Thanksgiving is about that. Canada’s Thanksgiving was originally a celebration of arrival in the New World. Over time, it became a harvest celebration.





  • If the only way to defend communism is by claiming that no country has ever done communism correctly, then that’s a problem. You can’t point to a single successful communist country because there aren’t any.

    China became far more successful since it abandoned communism for its own flavor of capitalism. Private ownership in China has led to a massive improvement in quality of life for most Chinese residents, and more opportunities for success than ever before.

    Meanwhile, most complaints about capitalism have almost nothing to do with capitalism and everything to do with laws and regulations or human greed (which is the worst part of any system).








  • It’s worth paying for things to save yourself the pain in the ass

    Agreed, but it’s also worth knowing how to do things yourself, so you have the choice. On a car, the cost for some jobs is almost all labor, so having the option to do it yourself is great, plus it’s a skill you can teach your kids.

    With a breaker bar, OP could have had the alternator out and the new one bolted in place in an hour. The belt might still be a problem, but spending an hour, then paying someone $100 to do the belt, feels a lot better than spending 10 hours, then paying someone $100 to do the belt.





  • Landlords must exist because people need to rent housing, and it sure sounds like you’re doing it right. Some landlords (and some tenants) are awful human beings who should not be landlords while others are good people.

    A bigger problem is happening in areas with housing shortages. Housing prices have been skyrocketing for 10+ years and home owners have been leveraging themselves with their home equity to buy other homes. On a large scale, that eats up a lot of housing supply, increases prices, and makes it more difficult for people without existing real estate equity to buy a house.

    In the city where I live, owning a house is essentially not possible for middle-class people unless their parents give them a down payment. Even my girlfriend and I, who combine for more than triple the average household income in the city, are taking years and years to save for a $300k+ down payment that’s needed to bring the mortgage payment down to $6k/mo.

    Landlords didn’t create the housing shortage, but I can see why someone who’s struggling to buy a house while watching landlords buy multiple houses can develop a hatred for them.