Quoting: Mountain ManPeople being irresponsible with finances (and, yes, taking out huge loans that you can't easily repay is irresponsible) is not a feature of capitalism.

Capitalism thrives off irresponsible people. It's no a coincidence that day to day finances are not taught in school from very early age.

Someone's mysery is another's profit. Yeah, it is a feature.

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From the article It’s a myth that companies must put shareholders first [External Link]:

The notion that a corporation’s primary purpose is to look after its shareholders is widely believed and taught, but is in fact a myth with no basis in corporate law. The corporation is a separate legal entity. Because ownership of assets and liabilities are attributed to this entity, corporations are not “owned” by shareholders.

Instead, shareholders have limited legal rights, which do not include the right to directly control directors’ or managers’ behaviour. Indeed, shareholders have no special claim on a corporation’s economic returns. Their right to dividends is the same as a waiter’s right to tips: an expectation that is unlikely to be enforceable in court.

Quoting: F.UltraThere is no way that a public company can give the finger to investors. Remember that the investors, aka the share holders, are the actual owners of the company, the CEO and other execs are only running the company per the will of the shareholders

So, not quite true. Companies decide to allign with them.

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Quoting: F.Ultra

Quoting: BalkanSpy"transform us from our current heavy-investment-mode to a highly cash-flow generative business this year"

Gotta love that corporate doublespeak. Which new gibberish will they invent next?

Not so sure exactly what it is here that you think sounds doublespeak? This just means that they have halted their expansion and will now concentrate on generating income instead.

They could have thought that the lack of funding, or not getting a deal, could happen and start being a highly cash-flow before that to prevent this. They could also give the middle finger to investors and say they won't be returning their money any time soon, and keep the studios and their workers. The high execs could also freeze their super high salaries for an X amount of time to palliate the problem.

But no, they directly prefer cutting costs to the expense of workers.

To me, the doublespeak is undermining the effect of these cuts on those affected, like if it was the most normal thing in the world, and the fact that they lost $2bn investment, by trying to positively say that it will allow them to be highly cash-flow generative.

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Quoting: denyasis

Quoting: Purple Library GuyFrankly, this kind of sounds like their buyouts were leveraged from the start

Well yeah, that's how, was far as I know, almost every industry works... On credit.

When I worked in construction, our company owner would joke "The entire industry would freeze if any one actually tried to collect their bills!!"

Even small business do the same. A deli owner friend of mine remarked how he didn't turn a profit for his first 5 years and how that was the average for his industry/region. That's 5 years with everything on credit and even if he did make some profit, the debt is still there.

I'm some cases, paying off debts is considered a waste of money as you get higher yields investing that money vs the savings from paying early (or at all), especially in during our past decade where interest rates were low.

Of course, that can bite people and companies when expected investments fall apart, as it seems to have done here.

Lovely capitalism.

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I'd be happy to install this on my current Steam Deck, or having someone with fewer sausages as fingers than me doing it. Particularly if a bigger sized battery can also be installed like in the showcase.

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Quoting: Purple Library GuyIt's very positive. Mind you, if it were becoming an actual worker-owned co-operative I'd be ecstatic. The two are not the same; with these trusts employees have an odd theoretical form of ownership, but usually do not have the control or votes that would go with ownership in most circumstances; the trust is typically managed "on behalf" of the employees. It's more like having money in a pension fund that owns the company than it is like owning the company per se. But it's certainly better than corporate status quo.

Couldn’t agree more.

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Quoting: slaapliedje

Quoting: elmapuli rather have 800p OLED instead

Thos was my thought. OLED and maybe higher refresh potential.

Same, OLED at the same resolution would be the sweet spot. I have the feeling using an OLED screen would be more than $99, though.

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Quoting: TheRiddick

Quoting: Purple Library GuyNo, they just don't like monopolies, or even oligopolies. Which I'm morally certain you already knew before you asked.

Well its a bit late now isn't it. They should have complained way back when Disney and Apple started buying up the planet....

People did.

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Here, in-depth market investigation, means "we accepted copious personal deals that will allow us to retire early and wealthy, and the rest of the industry and their customers can bend over and take it up their arse".

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When I moved to the UK, nearly 12 years ago, I only had an 11" Toshiba mini laptop that was barely capable of running games. And Yet It moves was one of those, and probably one of the first game I played on it/in the UK. Not the best game in the world, but one that brings good memories :)

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