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You’ve just spent $400 on a baby monitor. Now you need a subscription | Once upon a time there was a company called Miku who wasn’t making quite enough money... (www.theregister.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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You’ve just spent $400 on a baby monitor. Now you need a subscription | Once upon a time there was a company called Miku who wasn’t making quite enough money...::Once upon a time there was a company called Miku who wasn't making quite enough money...

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[–] givesomefucks@lemmy.world 101 points 1 year ago (1 children)

It's modern capitalism.

Making 10 million a month for 10 years isn't as good as going from 1 million a month up to 10 over five years.

The important part isn't the total profit, it's the increase in stock price.

This leads to a churn of companies as they're pushed past the breaking point because by then investors have sold and moved on to the next.

The only companies that survive are huge corporations that buy up smaller ones to do the same process.

[–] hansl@lemmy.world 17 points 1 year ago

American society decided that the GE model was not only working, but needed to be generalized.