#VultureCapitalism

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Hippy SteveGuardian: Cal-Maine’s profits more than tripled compared with the same quarter last year – and are nearly eight times as high as at the start of the bird flu outbreak in February 2022, according to financial results published on Tuesday. The company, which produces 20% of the eggs eaten in the US, made $1bn in windfall income in the first three-quarters of the financial year – the profits extracted after accounting for production, processing and transport costs.On Tuesday, Cal-Maine said that its sales almost doubled to $1.42bn in the fiscal third quarter, which ended on 1 March, primarily down to raising egg prices, which has hurt consumers who rely on the once affordable protein source. But the company’s shares then fell by more than 4% after acknowledging that it was being investigated by the justice department’s anti-trust division. Mississippi-based Cal-Maine said it received notice of the investigation into egg price increases last month and that it was cooperating with the investigation.<a href="https://m.ai6yr.org/tags/PriceGouging" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PriceGouging</a> <a href="https://m.ai6yr.org/tags/VultureCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VultureCapitalism</a> <a href="https://m.ai6yr.org/tags/BirdFlu" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BirdFlu</a>

Zhi Zhu 🕸️I met a traveler from an antique land, Who said—“Two vast and trunkless legs of stone Stand in the desert. . . . ... And on the pedestal, these words appear: My name is Ozymandias, King of Kings; Look on my Works, ye Mighty, and despair!Nothing beside remains. Round the decay Of that colossal Wreck, boundless and bare The lone and level sands stretch far away.”"Ozymandias" by Percy Bysshe Shelley<a href="https://newsie.social/tags/Poetry" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Poetry</a> <a href="https://newsie.social/tags/Meme" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Meme</a> <a href="https://newsie.social/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Capitalism</a> <a href="https://newsie.social/tags/VentureCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VentureCapitalism</a> <a href="https://newsie.social/tags/VultureCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VultureCapitalism</a>

Tuckers Nuts Resist! 🇺🇦 <a href="https://tldr.nettime.org/@tante" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@tante</a> 🥥 If you're bashing Sam Altman of OpenAI for being an extraction capitalist whose business only works if he can externalize costs, Tante, Eye'm here for it. 🥥 <a href="https://mstdn.social/tags/SamAltman" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SamAltman</a>, <a href="https://mstdn.social/tags/OpenAI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#OpenAI</a>, <a href="https://mstdn.social/tags/VultureCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VultureCapitalism</a>, <a href="https://mstdn.social/tags/ExtractionCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ExtractionCapitalism</a>, <a href="https://mstdn.social/tags/LateTermCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#LateTermCapitalism</a>, <a href="https://mstdn.social/tags/Crapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Crapitalism</a>, <a href="https://mstdn.social/tags/TuckersBalls" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TuckersBalls</a>

Gladwyn d’Souza“Nothing feels more emblematic to the fight for the soul of the Democratic Party than a Republican-funded super PAC coming after a former nurse and middle school principal,” he said, pointing to United Democracy Project donors like hedge fund manager Paul Singer, whose Elliott Management has fossil fuel investments.<a href="https://sfba.social/tags/CrowLeoSingerCorruptedRobertsSettlerColonialCourt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CrowLeoSingerCorruptedRobertsSettlerColonialCourt</a> <a href="https://sfba.social/tags/VultureCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VultureCapitalism</a> <a href="https://sfba.social/tags/GenocideTaxBuysApartheidFromTheRiverToTheSea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GenocideTaxBuysApartheidFromTheRiverToTheSea</a> <a href="https://www.eenews.net/articles/green-new-deal-backers-in-danger-of-losing-primaries/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.eenews.net/articles/green-new-deal-backers-in-danger-of-losing-primaries/</a>

JW prince of CPHMy prediction, for you to write down & come back at me with if I turn out to be wrong (I won't): Ive & Altman's 10-billion-dollar project will fail completely as a business* but succeed wildly in making themselves & a few members of the VC class even richer. *that is, they'll probably have product concepts people want in principle, but they'll be either unfeasible, unviable or both. <a href="https://norrebro.space/tags/business" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#business</a> <a href="https://norrebro.space/tags/tech" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tech</a> <a href="https://norrebro.space/tags/VultureCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VultureCapitalism</a>

Hank G ☑️More enshitification. DropBox adds to the OpenAI data vacuum all your files unless you opt out. Having the pipe is one thing. Having it be opt out and not even telling users about it makes me furious. Their cover story that it is only being enabled for people in their alpha/beta testing program is BS too. I just double checked and I have "Early Access" turned off. I have no idea if I accidentally triggered a file dump to them with results from a file search because nothing in my UI was indicative of when/if they used AI. Fucking clowns. Time to start looking for another provider... <a href="https://friendica.myportal.social/search?tag=dropbox" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#dropbox</a> <a href="https://friendica.myportal.social/search?tag=VultureCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VultureCapitalism</a> <a href="https://friendica.myportal.social/search?tag=enshitifcation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#enshitifcation</a> <a href="https://friendica.myportal.social/search?tag=OpenAI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#OpenAI</a> <a href="https://arstechnica.com/information-technology/2023/12/dropbox-spooks-users-by-sending-data-to-openai-for-ai-search-features/" rel="nofollow noopener noreferrer" target="_blank">Dropbox spooks users by sending data to OpenAI for AI search features</a>

Hank G ☑️I just thought of a term for Silicon Valley VC and techbro culture's insistence on "move fast and break things" even at scale even when it puts millions of people or even society at risk because that's all worth it if they can be the next unicorn company and/or Jobs/Musk/etc billionaire demigod: Silicon Valley Sociopathy <a href="https://friendica.myportal.social/search?tag=VultureCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VultureCapitalism</a> <a href="https://friendica.myportal.social/search?tag=SiliconValley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SiliconValley</a> <a href="https://friendica.myportal.social/search?tag=Techbro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Techbro</a> <a href="https://friendica.myportal.social/search?tag=SiliconValleySociopathy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SiliconValleySociopathy</a>

Homeboy Sapiens AfricanusBed Bath and Beyond joining the long list of vulture capital all-stars in destroying a company by bleeding it dry and fucking its employees in the process. <a href="https://blacktwitter.io/tags/BBBY" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BBBY</a> <a href="https://blacktwitter.io/tags/BedBathAndBeyond" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BedBathAndBeyond</a> <a href="https://blacktwitter.io/tags/VultureCapitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VultureCapitalism</a> <a href="https://blacktwitter.io/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Capitalism</a>

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