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supersquirrel@lemmy.ca to Enshittification@slrpnk.net · 1 month ago

Lowest-Paying US Corporations Have Poured Over $700 Billion Into Buybacks Since 2019 | Common Dreams

www.commondreams.org

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Lowest-Paying US Corporations Have Poured Over $700 Billion Into Buybacks Since 2019 | Common Dreams

www.commondreams.org

supersquirrel@lemmy.ca to Enshittification@slrpnk.net · 1 month ago
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  • BooBees@fedinsfw.app
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    1 month ago

    Lifting themselves up by their own continuously increasing record profit margins, while trickling down poverty and need for govt assistance to their employees, while simultaneously lobbying for destruction of those govt assistance programs to insure their employee pool is sick, desperate, available, grateful for poverty wages and compliant.

  • reddig33@lemmy.world
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    1 month ago

    A reminder that stock buybacks used to be illegal.

    https://casten.house.gov/media/in-the-news/theres-a-reason-why-stock-buybacks-used-to-be-illegal

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Welcome to Enshittification

A community for everyone who misspelt it as enshitification.

“I the onceler felt sad as I watched them all go, but business is business and business must grow, regardless of crummies in tummies you know.”

This is your space to document the decay, demise, and destruction of the tech world as we know it. Share stories, articles, and firsthand experiences that capture the ongoing decline of once-celebrated platforms, services, and companies in the late stage capitalist landscape.

From monopolistic corporate shifts to anti-user updates and the relentless pursuit of profit over quality—if it’s broken, bloated, or just plain bad, it belongs here. We’re here to spotlight the moves that make the tech world worse, one piece of enshittification at a time.

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