Discover Top Posts Tagged with #record profits

You know how casinos and gacha games and free to play MMOs make their money from whales? They earn more from a few high rolling regulars who spend shit loads than from all the rest who spend very little each time. It feels like every single industry, every market, every sector, is gravitating towards that same business model. Prices across the board are becoming so high that most people can't afford to buy staple items anymore, but instead of collapsing these companies are making record profits from fewer people paying more. Gas and eggs are through the roof! $25 for a meal at McDonald's. Used cars costing the same as new. $5 for a 2-liter of soda. $10 for a box of cereal. If they can't nickel and dime you forever with a subscription service they'll just write off 90% of their customers for being too poor while the remaining 10% will subsidize the loss. The rich have unlocked the infinite money glitch by passing it back and forth between themselves, a closed system, trickle-sideways, no poors involved.

#late stage capitalism #us politics #gas and eggs #prices #record profits #god damn america

a share of the revenue.

record profits are unpaid wages

#twitter #tweet #tweets #record profits #record profits are unpaid wages #capital vs labor #labor vs capital #workers vs capital #workers rights #revenue #wga solidarity #WGA strike #netflix #streaming services #streaming #paramount #warner bros #walt disney company #disney

Exclusive: In the year they announced record profits, Britain’s arms maker has revoked licence to fly for planes taking supplies of food to

...supplies of food to starving people in South Sudan, Somalia and DRC. Britain’s biggest weapons manufacturer, BAE Systems, has quietly scrapped support for a fleet of aircraft providing “life-saving” humanitarian aid to some of the world’s poorest countries. The decision further reduces the distribution of vital aid to countries facing serious humanitarian crises, including South Sudan, Somalia and the Democratic Republic of Congo (DRC). BAE Systems announced record profits this year of more than £3bn, buoyed by increased defence spending linked to the Israel-Gaza conflict and Russia’s war in Ukraine. The decision to scrap support for the aid aircraft is thought to have been made in order for the defence firm to pursue projects related to Nato members’ 5% increase in spending on arms. Several major humanitarian contracts have been cancelled since the decision, including one with the UN’s World Food Programme (WFP) to fly aid to 12 destinations across Somalia where almost 5 million people face “crisis” levels of hunger.

#uk #bae systems #aid aircraft #licence revoked #record profits #nato 5%#rearmament #capitalism #aid delivery

Winner of the 2024 In Bad Taste of the Year Award goes to:

DAILY BOULDER:

UnitedHealth CEO Brags About Record Year After Thompson’s Assassination

Andrew Witty, the CEO of UnitedHealth Group, has been has been walking a tightrope in the weeks following the assassination of Brian Thompso

#United Healthcare #Brian Thompson #Luigi Mangione #record profits #Andrew Witty

#jobs #corporate #record profits #wages #careers

Meet the Robin Hood-style activists ‘shoplifting’ for food banks

Activists in Scotland are taking food off supermarket shelves and putting it straight in donation bins.

“Activists are ‘shoplifting’ from supermarket shelves and dumping the proceeds straight into the stores’ food bank bins in a ‘redistributive action’ to protest the cost of living and the climate crisis.

“Xander Cloudsley, 29, a community food co-ordinator and member of This Is Rigged, the campaign group behind the actions, said: ‘In my job, I’ve seen the lived reality of the cost of living crisis […] while corporate giants like Tesco are boasting astonishing profits year in and year out. I’m taking action because this disparity is sickening and profoundly unfair.’

“The protest comes as food bank usage – already prevalent following austerity – has surged alongside spiralling inflation ...

“The top three supermarkets – Tesco, Sainsbury’s and Asda – have taken advantage of increased food costs and doubled their profits to £3.32bn in 2021, up 97% on 2019. Unite’s general secretary Sharon Graham has called this ‘greedflation’ – something supermarket bosses deny ...

“The group’s ‘Robin Hood’ supermarket action was inspired by British farmers who took milk off supermarket shelves in 2015 to protest the low prices they were getting paid for their produce, and by the French energy workers who send cheap electricity to schools, hospitals and working class communities.”