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Joined 1 year ago
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Cake day: June 18th, 2023

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  • Now he’s driving their investment into to the ground so the banks will end up writing off most of the debt rather than asking for repayment. So far, it seems to be working.

    Maybe I’m financially illiterate, but I don’t understand how that works. Like… if I take out a loan to buy a house and then deliberately burn down the house, that doesn’t get me off the hook. If anything, I’ll probably end up going to prison to boot. Why exactly would the banks just write off Musk’s debt instead of going after him and his other assets in court?




  • The article doesn’t really seem to make any moral argument (probably because it’s unfinished - maybe don’t post it until it is?). Yeah, Discord is financially unsustainable, but that’s just because it’s still in phase one of the enshittification cycle. At this stage, venture capitalists are basically subsidizing the service for everyone. Maybe I’m just myopic, but I don’t really see anything morally wrong with enjoying a service paid for by a greedy billionaire. And once the enshittification ramps up, well, there are always alternatives.