• 1 Post
  • 27 Comments
Joined 1 year ago
Cake day: September 24th, 2023
  • swallowyourmind@lemmy.worldtoTechnology@lemmy.world•We're never going to have better internet in the USA, are we?English
    2·
    1 hour ago

    FCC will now be led by Repubs, who like data caps, more mergers, not treating the Internet as a utility, blocking municipal networks, and ignore listening to public comment, and flood the zone with fake comments on issues that are popular.

    The biggest expansion in fiber networks in the US was coming down the pipeline due to Biden’s infrastructure bills. The Republicans will do everything they can to slow and stop this money from its intended purpose.

    Any hope of huge improvements in America’s internet infrastructure just went away with the Dem administration in order to improve ISP stock prices, meaning the Internet you are currently unhappy with will only get more expensive with less competition.

    As intended, by how Americans voted.

  • swallowyourmind@lemmy.worldtoNews@lemmy.world•Red Lobster files for bankruptcy, restaurants will stay openEnglish
    121·
    6 months ago

    Hedge fund gobbled for raping capital.

    Forced sale by Darden by activist (hedge) investors.

    New hedge fund owned RL company immediately sells all its property (land & buildings) to separate property company owned by hedge funds.

    Big dividends for hedge funds! Billions sucked out of company into shareholder pockets.

    New RL then leases all properties, incurring higher costs (now paying rent!)

    Pandemic.

    5 year leases all up! Property company raises rent!

    RL can’t afford higher rent on all locations, no longer has capital to borrow against (all sold 5 years ago), and goes bankrupt.

    MBAs are destroying the world.