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Joined 2 years ago
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Cake day: June 9th, 2023

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  • The shareholders can go and buy a diversified portfolio on their own, by investing in many companies, so they can derisk their portfolio without conglomeration.

    If they already own shares of the conglomerating company, its returns will be lower (they don’t care that it’s less risky; they’ve diversified already). Similarly, the returns of the company that is now becoming part of the conglomeration will likely be reduced, which negatively affects shareholders of that company.

    The benefit is really only for the people whose prospects are deeply tied to this company, and only this company… its management employees, who are compensated by the company (often in the form of stock that they can’t sell till they leave, or that vests over a long time frame).







  • I’m honestly not “gone” yet, this is my first day on Lemmy. I’m still a little uncertain. Here’s what’s on my mind:

    • Reddit isn’t, and never has been, profitable. That means that things we don’t like are only going to get more and more likely for them to do, because eventually investors will stop paying for them to do the same thing, which we mostly do like.

    • Lemmy looks like a good alternative, and I’d really like to see reddit die faster so all the content I like moves here.

    • At the same time, decentralization isn’t a silver bullet. It doesn’t mean my experience on Lemmy will get better, it just means the individual server I pick has a lot more control over me. Will I lose my identity / get booted off the server because someone decides to stop operating it? Or doesn’t like a comment I write? Etc etc