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The most surprising thing about big tech is that most of them seem to be less useful than ever and yet they are making more money than ever. For example, it se
by jongjong 2y ago
The most surprising thing about big tech is that most of them seem to be less useful than ever and yet they are making more money than ever.
For example, it seems like nobody uses Oracle products anymore, yet Oracle stock is at an ATH.
Microsoft Windows is less popular than ever and yet Microsoft stock is at an ATH.
Apple peaked years ago and yet ATH.
Does anyone still use Facebook regularly? FB stock is ATH.
Something doesn't add up.
- whatgoodisaroad 2y agoJava is an Oracle product
- olyjohn 2y ago"Java was designed by James Gosling at Sun Microsystems. It was released in May 1995 as a core component of Sun's Java platform." https://en.wikipedia.org/wiki/Java_(programming_language) https://en.wikipedia.org/wiki/Java_(programming_language) Oracle did what they always do, buy shit out and then milk people for money. That's all they do with it, and why nobody actually uses Oracle's JDK anymore.
- hnfong 2y agoTo state the obvious, OpenJDK is also an Oracle product.
- disqard 2y ago> Something doesn't add up The economy moved away from being founded on Marx's C-M-C to firmly being fixated on M-C-M' which in plain English, means "We now use Money to make more Money, leveraging Commodities as an intermediate step. The Money is all that matters, not the social benefit/harm" -- IMO, that helps explain why, even though many people are suffering financially, the market is at an ATH.
- CPLX 2y ago> most of them seem to be less useful than ever and yet they are making more money than ever This is the classic sign of a company that has achieved monopoly. They don't serve their customers any more because they don't have to.