These megacorps will have so much fun in the upcoming recession. They turned public opinion against them through sociopathic profiteering and then mass layoffs. When the cows come home it won't be fun and games like before.
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That "sociopathic" profiteering funds the 401(k), IRAs, and pension plans of tens of millions of Americans. God forbid these companies be run for the collective benefit of all shareholders (including special ed teachers, utility workers, and airline mechanics) and not just the lottery winners who scored the high-paying jobs at these companies.
> mass layoffs
The "Day in the Life" videos that made the rounds on TikTok sapped the general public of whatever sympathy they may have otherwise had for the FANMAGers getting sacked from their $100-300k jobs.
At the cost of the destruction of the entire rest of the economy, which is coming home to roost right now. People's retirement should never have been loaded onto the stock market. That was a 'mistake' from the start. A 'mistake' that was designed to bloat the stock investors' coffers.
> God forbid these companies be run for the collective benefit of all shareholders
No; First, if you are profiting at the detriment of entire rest of the society by consolidating the economy in your hand by bankrupting everyone else, it doesnt matter if you run it 'for the collective benefit of the shareholders'. And even cheating, scamming at that:
https://news.ycombinator.com/item?id=43719246
Second, let's get real - it's not the employees who benefit from the stock prices the most. Even proposing they do is just self-deceit.
> The "Day in the Life" videos that made the rounds on TikTok sapped the general public of whatever sympathy they may have otherwise had for the FANMAGers getting sacked from their $100-300k jobs.
The layoffs involve much more than those 6-figure job holders.