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Cake day: March 26th, 2024

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  • Zuck promised flat out that there wouldn’t be any spying or surveillance, ever. That turned out to be a massive lie, of course (just as when Page & Brin told us in 1998 that they believed advertising was incompatible with search), but it was a big part of the draw of the early Facebook that you (seemingly) didn’t have to choose between your friends and getting spied on by Rupert Murdoch & Co over at Myspace.



  • HailSeitan@lemmy.worldto196@lemmy.blahaj.zoneRulespital
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    4 months ago

    It’s my understanding that vertical integration is the norm in the US, though. UnitedHealth bought something like 250 companies in 2024 alone. CVS owns Aetna, and MinuteClinic, and Caremark (a PBM), and multiple pharmacy chains, with the result being that they don’t care where in the value chain the money winds up, because it’s still in house at the end of the day. And they certainly aren’t going to fight the other parts of the conglomerate to get a better deal for patients, with the result being that there are no longer incentives (from competition) to cap costs, resulting in the US spending almost 20% of GDP on healthcare.