deleted by creator
- 0 Posts
- 14 Comments
F_State@midwest.socialto Today I Learned@lemmy.world•TIL that Toys R Us wasn't killed by competition, but by private equity companiesEnglish2·7 days agoThe short answer (ba dum, tisssss) is that some forms of mutual funds buy a little bit of every stock rather than picking and choosing. Then, for reasons never really made clear, they let other investors borrow those stocks as long as they return them later.
F_State@midwest.socialto Today I Learned@lemmy.world•TIL that Toys R Us wasn't killed by competition, but by private equity companiesEnglish1·7 days agoSears could have been what Amazon is today. Hell, it the 19th century, it WAS was Amazon is today. But the focus is so often on financial trickery over actual sound business practices
F_State@midwest.socialto Today I Learned@lemmy.world•TIL that Toys R Us wasn't killed by competition, but by private equity companiesEnglish1·7 days agoAlot of debt gets bundled into bonds or other investment vehicles and sold. So small retail investors, retirement funds, etc end up holding the bag. Sometimes the banks lose, but they can take tax write offs and if the loses are too great, they can often get bailed out by the government.
F_State@midwest.socialto Today I Learned@lemmy.world•TIL that Toys R Us wasn't killed by competition, but by private equity companiesEnglish3·7 days agoIt’s not hard to use financial trickery to temporarily tank a stock price making it easier to buy up a company. When redditors went after gamestop shortsellers, the shortsellers used tricks to dip the stockprice just low enough just temporarily enough to trigger margin calls and crush the redditors.
F_State@midwest.socialto Today I Learned@lemmy.world•TIL that Toys R Us wasn't killed by competition, but by private equity companiesEnglish3·7 days agoBecause bankers buy politicians and if people complain they buy news coverage to call the naysayers socialists
F_State@midwest.socialto Today I Learned@lemmy.world•TIL that Toys R Us wasn't killed by competition, but by private equity companiesEnglish1·7 days agoKinda like how Uber and Lyft put cab companies out of business and then their prices skyrocketed?
F_State@midwest.socialto Today I Learned@lemmy.world•TIL that Toys R Us wasn't killed by competition, but by private equity companiesEnglish2·7 days agoYes and No. Sears could have limped along for longer but the geriatric leadership they brought in made a bunch of stunningly bad decisions. Sears built their business on catalogs and shipping direct to consumers. With their huge distribution network, trusted name, and network of stores they could have embraced a hybrid model and been on the cutting edge of e-commerce but the geriatric fucks they put in charge doubled down on the retail model they had always known but with shittier service.
F_State@midwest.socialto Today I Learned@lemmy.world•TIL that Toys R Us wasn't killed by competition, but by private equity companiesEnglish1·7 days agoOne of the reasons they have so much money is the financial trickery that private equity employs
F_State@midwest.socialto Today I Learned@lemmy.world•TIL that Toys R Us wasn't killed by competition, but by private equity companiesEnglish15·7 days agoPretty much nothing in “the economy” works like it does in theory. It’s always way more complex so the people with the most power and money can squeeze more exploitation out of it. I really like how this guy explains it
https://www.facebook.com/reel/976701137942045
https://www.youtube.com/shorts/1LcJjd6Wosw
He’s got a whole series on Private Equity
I was talking about weight vs mass
For day to day life, weight and mass might as well be the same. I love science and astronomy but I’m not buying a pound of lunch meat at the deli counter to take into space.
To me, kilometers and miles are in a similar class; I don’t have a reason to prefer one over the other. Same with kilos/pounds. Even though a kilo is more than double a pound, it’s used to measure the same kinds of things. As with Centimeters/inches, quarts/liters, yards/meters.
Metric seems to do better at measuring very small things, or very precise things, but lacks middle measures that help with day to day life like Ounces and Feet. If there was a metric foot, like a quarter or third of a meter, it would be more useful. Same if there was a metric ounce, lets say 25 grams (an actual ounce is slightly over 28 grams).
F_State@midwest.socialto Memes@lemmy.ml•You say ONE thing, and Reddit decides to ban you14·8 days agoSomeone wished Trump would die of disease (and didn’t get banned), I wish him a long life and lots of suffering from disease so reddit banned me for advocating for violence (they’d been targeting me)
I was kind of indifferent to rule breaking at the sub level but always careful to avoid rule breaking at the site level and not one of my appeals was ever upheld.