I wouldn’t say it’s fake, it’s the money other companies steal from their workers by not paying a fair wage being given to Microsoft to burn at the pyre of ai.
Comment on Microsoft CFO calls for 'intensity' in an internal memo, after blowout earnings
Supervisor194@lemmy.world 3 weeks ago
At what point will we look at these numbers with skepticism? When not one worker is left who can afford their services nor one customer left who wants anything to do with their utterly shit “products” - but they still blow out the quarter with 100 billion? At what point will society recognize that this money can’t possibly represent anything actually real? Will it matter if all of us starve to death and only billionaires are left if the Microsofts of the world will still be able to post 200 billion dollar “profits”?
I’m actually curious. Because I personally think that’s increasingly what all this is. Fake as shit. Some combination of algorithms, cryptocurrency, dark pools and I dunno, the Illuminati I guess.
Chronographs@lemmy.zip 3 weeks ago
Supervisor194@lemmy.world 3 weeks ago
I mean, I don’t disagree that that’s historically what it’s been. But increasingly, it seems like record profits just keep going through the roof no matter what. And record stock market numbers. And record everything. Nothing goes down, not substantially. Negative news seems to have no (net) effect anymore.
orclev@lemmy.world 3 weeks ago
It’s because they’re concentrating all the wealth. The wealth in the US used to be far more distributed, with the majority existing in the large middle class. Reagan started the policy by Republicans to pass laws and regulations designed to benefit the wealthy at the expense of everyone else, and then Clinton got the Democrats on board with the same strategy. We’re approaching the end game now where the middle and lower classes are nearly bled dry and the rich will start cannibalizing each other to be the last fattest rat in the garbage pile while the entire US economy collapses around them. Be on the lookout for the smarter rats to start fleeing the ship by transferring as much wealth as they can into foreign assets that will survive the collapse of America.
Chronographs@lemmy.zip 3 weeks ago
In theory the line should go up, population increases, technology allows us to become more efficient, inflation etc. That said what’s going down is at least the standard of living, employment, adjusted wages. Personally I’d put money on the AI bubble popping and crashing the market eventually but who knows how long that’ll take
NewDayRocks@lemmy.dbzer0.com 3 weeks ago
Big companies are subject to constant audits. You, too, can check their balance sheets that are released and scrutinize the numbers.
While you may personally dislike MS products, most of the world’s businesses and governments run on them. That’s licensing money every month without fail. They can literally charge whatever they want because companies with staff want Office and Windows Server backend.
lka1988@lemmy.dbzer0.com 3 weeks ago
Business contracts and licenses are MS’s bread and butter. They don’t give a shit about individuals, they know we pirate Windows, and they don’t care. But if a business pirates Windows…