Comment on YSK: Condé Nast Parent Company is a Major Owner of Reddit, You Should Avoid their Publications (Wired, Ars Technica, GQ, The New Yorker, Vanity Fair, Vogue,...etc) as Much as Possible.

DarkSpectrum@lemmy.world ⁨2⁩ ⁨days⁩ ago

• QuoVadisHomines@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

  Conde Nast was a big name in the magazine publishing business for decades.

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  • TankovayaDiviziya@lemmy.world ⁨2⁩ ⁨days⁩ ago

    But not for laymen.

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    • mannycalavera@feddit.uk ⁨2⁩ ⁨days⁩ ago

      But for laywomen 🤣!

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• Wilco@lemm.ee ⁨2⁩ ⁨days⁩ ago

  This is how the USA works now. Not just unethical companies and monopolies but super monopolies and upright evil companies. If you ever want to make yourself mad Google EssilorLuxottica, it is the largest eyeglass manufacturer, sunglass manufacturer, eyeglass retailer … and believe it or not it also owns Eyemed eye insurance. It’s not the biggest eye insurance company … yet.

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  • cuteness@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

    Vertical integration that leads to self dealing like this should be considered anti competitive and illegal.

    Unfortunately in US healthcare it’s the norm.

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    • desktop_user@lemmy.blahaj.zone ⁨2⁩ ⁨days⁩ ago

      companies shouldn’t have limits on how far they can grow, and vertical integration is almost impossible to regulate as it’s just manufacturing a product from start to finish.

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      • CalipherJones@lemmy.world ⁨1⁩ ⁨day⁩ ago

        Monopolies aren’t your friend.

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      • Wilco@lemm.ee ⁨1⁩ ⁨day⁩ ago

        The US does operate on the principle that companies should actually have limits on how far they can grow. This was set forth in the Sherman Act of 1890. The fact that it was not there at the founding of the country, embedded in the constitution, is probably a contributing factor on why the US is falling into corruption today. The main cause is of course political parties, which should have been made illegal. George Washington predicted our current future in his exit speech when he said that political parties would be the downfall of the US … he was right.

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      • Initiateofthevoid@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

        The same company manufacturing eyeglasses and providing vision insurance isn’t “start to finish” manufacturing.

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• TankovayaDiviziya@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Containerised liability assigned to nonexistent entities.

  That is how corporations avoid antitrust lawsuits. They know what they’re doing.

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• dickalan@lemmy.world ⁨2⁩ ⁨days⁩ ago

  I frankly don’t know how you have lived this long and not heard of them. This is more of you problem versus everybody else problem.

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• Vinstaal0@feddit.nl ⁨2⁩ ⁨days⁩ ago

  Heck the name of the brand doesn’t have to be the same as the name of the company.

  It is also standard practise to do in basically every country. It helps with liability, but it also helps when you want to sell parts of the company and can help for tax reasons as well.

  I have seen companies with similar structures who only have a couple of hundred thousand euro of revenue.

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• Deathray5@lemmynsfw.com ⁨2⁩ ⁨days⁩ ago

  I remember in geography learning that Merlin entertainment is behind a lot of our major theme parks. Yeah it’s a thing

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