In other words, media as a “service” makes more money than media as a one-point sale. Why should they sell you a one-point solution when the service model makes more money for the shareholders? I love the shareholder economy; it makes all our lives better and makes us focus on what really matters at the end of the day, which is, of course, profits for people who already have too much money. :) very cool
Well, it’s a bit surprising that Tesla is the worst-performing stock so far. I mean, the Boeing scandal was a disaster image-wise, and others are struggling real hard. But even with all that, Tesla is performing worse than the airplane manufacturer, who can’t build secure and quality-controlled aircraft. The tide is turning for Tesla. Competition is getting stronger and starting to roll out strategies like the BMW 50% 2025 Plan, which means Tesla as an electric automobile manufacturer has dire times ahead if they don’t start fixing things.
Tesla long stopped delivering on promises they, or rather Musk, made. They need something other than words and visions to sell, and fast, otherwise, the stock is going to normalize more and more, to a degree a mid-sized automobile manufacturer would be, as the shareholders slowly start losing faith and jumping ship, as long as the stock is overvalued and there are buyers.
It is a lot more complicated than that - since G/O media was bought out in 2019, it goes downhill. The new owner pretty much goes with the strategy of prioritizing advertisers and shareholders over workers.
So, they maximize revenue streams upwards to GHP, which is hard, but an easy way to do it is to minimize fixed costs like salaried workers and their benefits. If the revenue goes up or is stable but workers get laid off and salaries get squashed, and part-time or contract workers get hired to do the same job for even less, workers are not going to like this, especially workers who are organized in a union.
Looking at one revenue number as the sole indicator of “healthiness” is exactly the mistake that ends up with worker protests and dwindling quality.
In other words, the money for fair pay for all would be around, but the owners would rather have an even bigger piece of the pie.
History and context behind the situation:
G/O Media’s leadership, introduced after the purchase from Univision, has been subject to frequent criticism by employees.[9] Complaints include closer advertiser relationships, a lack of diversity, and suppression of reporting about the company itself.[9] In October 2019 Deadspin’s editor-in-chief, Barry Petchesky, was fired for refusing to adhere to a directive that the site “stick to sports.”[15] Soon after, the entirety of Deadspin’s staff resigned in protest, leaving the site inactive.[16] In January 2020 the GMG Union, which represents the staff of six G/O Media sites, announced a vote of no confidence in CEO Jim Spanfeller, citing, among other issues, a lack of willingness to negotiate for “functional editorial independence protections.”[17]
On February 4, 2021, the Writers Guild of America East filed a complaint with the National Labor Relations Board alleging that G/O Media told employees it had fired Alex Cranz for labor activism.[18]
In mid-October 2021, G/O Media removed all images from stories published before 2019 from the 11 websites it owns, including Gizmodo, Jalopnik, Deadspin, The A.V. Club, The Onion, and Jezebel.[19]
In November 2021, Gawker reported on substantial staff resignations at Jezebel over the course of 2021, comprising around 75% of staff. The resignations were reportedly related to a “hostile work environment” created by G/O’s management and the new deputy editorial director Lea Goldman.[20] In January 2022, another article detailed similar staff decline at The Root, with 15 out of 16 full-time staff having left throughout 2021 since Vanessa De Luca started as editor-in-chief.[21]
In January 2022, seven senior staff members at The A.V. Club left the site after management required them to move from Chicago to Los Angeles. According to the Chicago Tribune, the departing staffers cited a lack of salary increase to account for increased cost of living due to the transfer.[22]
On March 1, 2022, GMG Union members went on strike after failing to reach an agreement on a new contract.[23] The strike was resolved on March 6 with a new contract that included some of the members’ terms.[24]
On June 29, 2023, G/O Media implemented a “modest test” of artificial intelligence-generated content on its websites, in a move similar to BuzzFeed and CNET. The move sparked backlash from GMG Union members, citing AI’s track record of false statements and plagiarism from its training data.[25] The first AI generated articles on G/O Media sites appeared on July 5 and included a “chronological list” of Star Wars movies and television shows on Gizmodo’s io9 section that wasn’t in chronological order, omitted Andor and The Book of Boba Fett and stated that the events of the television series Star Wars: The Clone Wars came after those of The Rise of Skywalker; a list of the “best summer blockbusters of 2003” on The A.V. Club; and a list of “the most valuable professional sports franchises” on Deadspin.[26][27]
Again, none of the people at this talk have anything to do with selling a product or pushing an agenda or whatever you think. There is no press, there is no marketing, there is no product - it was basically a meetup of private equity firms that discussed the implementation and impact of purpose-trained AI in diverse fields, which affects the business structure of the big single-family office behemoths, like an industry summit for the private equity sector regarding the future of AI and how some plan to implement it (mainly big non-public SFOs).
Sometimes people just meet to discuss strategy; no one at these talks is interested in selling you anything or buying anything - they are essentially top management and/or members of large single-family offices and other private equity firms. They are not interested in selling or marketing something to the public; they are not public companies.
It’s weird how you guys react; not everything is a conspiracy or a marketing thing. It’s pretty normal in private equity to have these closed talks about global phenomena and how to deal with it.
These talks are more to keep the industry informed. I get that you do not like it when essentially the big SFOs have a meeting where they discuss their future plans on a certain topic, but it’s pretty normal that the elite will arrange themselves to coordinate some investments. It’s essentially just the offices of the big billionaire families coming together to put heads together to discuss a topic that might influence their business structure. But, in no way is it a marketing strategy; it would, on the contrary, be negatively viewed in the public eye that big finance is already coordinating to implement AI into their strategy.
But feelings don’t change facts. My point is if the actual non public big players are looking at AI in a serious matter, then so should you.
Haha, lol, whats happening why do you hate me, just sharing an experience, an opinion?
I have already said too much - just let me tell you if you think LLMs are the pinnacle of AI, you are very mistaken, and depending on your position in the market, you need to take AI into account. You can only dismiss AI if you have a position/job with no real responsibility.
So weird how you guys think everything is to sell you something or a conspiracy - this was a closed talk to discuss how the leaders in certain industries will adapt to the coming changes. They give zero cares about the B2C market, aka you as an individual.
Again, none of the people at this talk have anything to do with selling a product or pushing an agenda or whatever you think. There is no press, there is no marketing - it was basically a meetup of private equity firms that discussed the implementation and impact of purpose-trained AI in diverse fields, which affects the business structure of the big single-family office behemoths.
Hi, I don’t want to say too much, but after being invited to some closed AI talks by one of the biggest chip machine manufacturers (if you know the name, you know they don’t mess around), I can tell you AI is, in certain regards, a very powerful tool that will shape some, if not all, industries by proxy. They described it as the “internet” in the way that it will take influence on everybody’s life sooner or later, and you can either keep your finger on the pulse or get left behind. But they distinguished between the “AI” that’s floating around in the public sector vs. actual purpose-trained AI that’s not meant for public usage. Sidenote: They are also convinced the average user of a LLM is using it the “wrong” way. LLMs are only a starting point.
Also, it’s concerning; I’m pretty sure the big boys have already taken over the AI market, so I do not trust that it will be to the benefit of all of us and not only for a select group (of shareholders) that will reap the benefits.
Nope, it’s not possible. The only way it wouldn’t be treason is if all states agree, or if they start a revolution and are successful; every other attempt would simply be treason. Hence, one nation indivisible. I’m sure they know that; they just want to push as far as they can to make the political situation even more absurd in America. They want to widen the gap between the people. I don’t know who exactly profits from this situation, but it’s not the American people.
Here’s a video that explains it quite well: [Legal Egal] (https://youtu.be/1dhvry6E0jA?si=H62qIoiHzaLdJHQF)
Thanks. Yes, you’re right. I think this is the missing part: https://www.reuters.com/world/middle-east/us-says-no-way-solve-israel-security-gaza-war-without-palestinian-state-2024-01-18/
These are the quotes this article is based on according to another news outlet, and it is unsure if the translation (especially the wording for the proclaimed statement in the title) is up for debate since there are multiple translations.
(“from the river to the sea,” according to an English translation on the Israeli news channel i24NEWS.
According to other translations, Netanyahu said that Israel “must have security control over the entire territory west of the Jordan River,”)
"Every area that we evacuate we receive terrible terror against us. It happened in South Lebanon, in Gaza, and also in Judea and Samaria [the West Bank] which we did it.”
“And therefore I clarify that in any other arrangement, in the future, the state of Israel has to control the entire area from the river to the sea.”
"This truth I say to our American friends,” Netanyahu said Thursday. “And I also stopped the attempt to impose on us a reality that will jeopardize us. A prime minister in Israel has to be able to say no, even to the best of friends. To say no when you need to and to say yes when you can.”
Does anybody know what “proposal” the USA made that he’s referencing?
Yeah, I know that, XD but why?
What makes it so that you think you should be able to get creators and their content, server capacity, and storage for free? Who should be paying for it in your mind? Who should eat the cost? The creators, the platform, or the user? or all of them to a degree? And who should be able to profit?
I think it’s pretty clear that the end-user will carry most of the cost in the end.
YouTube cannot do that. YouTube’s content legal system does not allow this.
That said, I use SponsorBlock and love it to the degree of finding it necessary depending on what type of content I am watching.
Why do people hate YouTube Premium anyway? I don’t quite get it. I have had it since it was available in my country, and I love it.
Also, I have to say I use the YouTube Vanced app with SponsorBlock and custom layout (no shorts, no uploads, no etc.) and YouTube Premium subscription. I don’t like the default YouTube app.
So, I don’t know if I like YouTube or just the model and content/creators behind it.
Stupid question: What’s the point behind this? Is this actually financially viable for a company in the long run? Was this an attempt to get Reddit to crack down on those subs?
Isn’t this always a fight against windmills? i.e., you can’t fight a symptom without addressing the market as a whole?
Why do you care this much about online comments in such a niche community where only already opinionated people are?
Yeah, if I were a moderator and needed to go over 1000 comments in today’s climate, I would delete more than necessary just because you never know. They do not put as much thought into it as you think. It was most likely just like this:
A mod goes over comments that got reported, reads the first line of the comment, sees it has direct insulting language (the “fuck them” line), and deletes it.
No political intent or conspiracy, just a mod being a mod. Could be that there is some bias, but then you can do nothing anyway in that case; it’s just a small echo chamber then.
Hakuna Matata, my friend.
oh yeah for sure could be a reaction to the opium wars
It’s never the drugs that make a society erode; it’s a symptom. If you have a big drug problem in a country, most likely it’s related to much bigger issues at the core. Like in the Opium Wars, it was the British Empire that basically drugged China as a means to get what they want. It’s not like they discovered drugs and then just stopped doing anything else; we humans had drugs and used drugs since we know about them.
Some argue this tactic is still very much in use today, hence the fentanyl crisis, which seems to be fueled by China. It’s a destabilizing tactic. That’s also part of why China and other Asian countries are so strict because they know firsthand the effectiveness of literally drugging your foe to gain an advantage. This does not mean China and co do not have their own drug market; they have a pretty vivid drug scene.
Also, as an example, Japan or China, yeah, sure, you can’t buy weed; they will basically curb-stop you legally. But you can drink as much alcohol as you want, smoke as much tobacco as you want, and drink as many caffeine drinks as you want. These are all recreational drugs with a much higher impact on society than weed, yet they are totally legal and accepted by everyone or are even traditional.
No more awards and such, I guess. It will be terminated in September. I came across some screenshots of people attempting to get a refund, explaining that they had purchased so many Reddit coins that they couldn’t distribute them before the shutdown. Meanwhile, here I am, observing individuals who possess more wealth in Reddit coins (which hold no real-life value) than I have to buy food for a year. We truly live in a strange world. I don’t know why they decided to get rid of it, but it does seem odd, especially considering there are people who even “whale” within the Reddit community.
I never argued that I was in IT/Tech; I deal with investments and PE. I have nothing to do with IT or tech. My point is we, in the PE/FO sector, are going to invest in AI businesses in 24/25, not only in the “B2C market” but mainly in the B2B market and for internal applications. Whether you believe it or not, it’s gonna happen anyway.