#Amazon.com #investors voted against all 14 resolutions that asked the retailer to disclose more about its carbon emissions and its directors' donations, and to form a committee to oversee artificial-intelligence development, among other issues.
The company had asked #shareholders to reject all of the outside proposals.
Yes, the company went public. No, it is not a financial success—or even a lifeboat.
Debuting on the charts w/a “DJT” ticker, #TrumpMedia saw a 55% surge in valuation right after markets opened.
Huge influx of cash, right? w/Trump holding ~79M shares, equating to 58% of available stock, the #SPAC debut balloons his #NetWorth by nearly $5B; there were ~136M shares outstanding post-merger.
All these lackeys running the show means a lot of (feigned) confidence from folks in charge. + the most eager #shareholders aren’t in this for high returns, but to support their king…in their own words…in the #DWAC “groups” on #TruthSocial: “I’m holding & plan on being part of the greatest #SocialNetwork there is & support fmr & future President #Trump” (the anthem of the aforementioned retail-level #suckers.) This all means that $DJT is basically…the #political equivalent of a #MemeStock.
BANK OF AMERICA IS BACKING DESTRUCTION OF THE RAINFOREST
The #Amazon rainforest is at a critical tipping point — and the world's largest butcher, #JBS, is pushing the world's largest rainforest over the edge, and setting up a global #catastrophe.
In fact, right now, JBS is being sued for lying to consumers about their #EnvironmentalImpact, #ClimateGoals, and their pseudo-plan to achieve net zero carbon #emissions by 2040 —
The majority #shareholders of JBS even pled guilty to foreign #bribery charges in the U.S. in 2020. And this summer, it was the subject of a Senate hearing on Amazon deforestation, in which Senators discussed JBS' practice of — get this — cattle #laundering, or concealing a cow's origin to cover up its connections to #deforestation and #RightsAbuses.
A judge on Tues ruled that #ElonMusk's $56 billion #Tesla pay package could be tossed, calling the compensation "an unfathomable sum" that was not fair to #shareholders, acc/to a court filing.
The ruling swept away the largest pay package in #corporate America. The judge found it was
negotiated by directors who seemed #beholden to their headline-making CEO & the promise of allowing him to share in the company's enormous growth.
A Delaware judge on Tues ruled that #ElonMusk’s generous 2018 compensation package, which helped make the #tech entrepreneur the world’s richest person, was unfair & should be undone.
The $56 billion package, advanced by shareholders & #Tesla’s board, entitled #Musk to #stock options in the company as it hit specific performance targets. #Shareholders sued Musk, alleging the process that led to the package was improper.
In a news release, the plaintiff’s attys summed up their case:
“During a full trial on the merits, #Tesla#shareholders alleged that they had proved that a number of the plan’s key milestones that #Musk & the board described in their disclosures as very difficult to achieve were, in fact, expected based on Tesla’s confidential projections shared w/ banks & rating agencies; that the proxy wrongly characterized the compensation cmte & the board as ‘independent’ when they were not;
We are told that the involvement of the private sector (in this case in #energy markets) allows them to price in risk more effectively... so how is it that now consumer debts to energy firms have passed £3bn, it is customers who are be subject to a surcharge to cover these 'losses'?... surely, the firms should have priced this risk in already?
Well, the answer is actually, this is just another disguised subsidy to their #shareholders, to ensure that don't have to stomach that loss... but we do
I’m low-key convinced that everybody - especially grown adults who pay taxes and particularly businesses with shareholders - is sleeping on TikTok in 2025
“The West won the world not by the superiority of its ideas or values or #religion […] but rather by its superiority in applying organized violence. Westerners often forget this fact…”
Which is to say, it isn’t technologists that are the problem, it’s the tech executives and #shareholders.
If you own shares of any of the key entertainment companies’ stock, please call their investor relations offices and demand their CEOs stop refusing to even talk to their own employees on strike.
You can own a single share and have standing as a shareholder. I have not verified all of these numbers, but they’re a starting point at least.
> #Surpluses are first directed to users; then, once they're locked in, surpluses go to suppliers; then once they're locked in, the surplus is handed to #shareholders and the platform becomes a useless pile of shit. From mobile app stores to #Steam, from #Facebook to #Twitter, this is the #enshittification lifecycle.
A study on #UniversalBasicIncome#UBI from 2020 is now peer-reviewed and published. The study gave $7500 cash to homeless people in Vancouver and compared their outcome versus a control group. The result was clear:
“The recipients of the cash transfers did not increase spending on drugs, tobacco, and alcohol, but did increase spending on food, clothes, and rent, according to self-reports. What’s more, they moved into stable housing faster and saved enough money to maintain financial security over the year of follow-up.”
Further, each person who moved into stable housing one year faster saves the city over $8000 per year, which makes this program cheaper than existing housing programs.
Universal Basic Income works. It sounds so obvious when you say it out loud, but: giving people cash lifts them out of poverty. We need to do that more.
“A Canadian study gave $7,500 to homeless people. Here’s how they spent it.”
This idea of a society where people are provided with a fair and just basic income is a very bad one for #capitalism. It would just deplete the "work market" from people forced to work for survival.
Once everyone has their basic needs of food, housing, healthcare and education fullfileed, the only way we can get people to work will be by raising their wages to levels where we won't be able to support #shareholders and #billionaires. That would be the end of western #colonialist civlization as we know it.
Regeneron Pharmaceuticals, a maker of synthetic biologic treatments, is acquiring Decibel Therapeutics, developer of gene therapies to treat hearing loss and balance disorders.