Senate blocks Republican bill restricting stock trades by US... #politics #stockmarket #usa #capitalism
#capitalism
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Hi, I'm Sabi, a disabled Self Employed full-time caretaker and Multidisciplinary Artist
I'm fighting to survive #capitalism and trying to keep my disabled family alive
Learn a little here
https://www.youtube.com/watch?v=4eto3Gf6xGQ
Contribute to help us raise the remaining $755 needed for housing here
https://paypal.me/SabiLewSounds
It's due in 24 hrs, Thurs 11 AM ET July 9th
#Urgent #MutualAidRequest
@mutual_aid@starflower.space @MutualAidVisibility@mastodon.social @mutualaid@a.gup.pe @MutualAidNet@mastodon.social
Sloppy Seconds from the MetaDemon
I think the biggest coup that #capitalism ever scored, was to make people believe that humans who made it out of an active war zone, crossed a desert and rowed a shitty rubber raft over an ocean are dangerously lazy freeloaders, while people who inherit billions from exploitative ancestors and never pay any taxes deserve praise and then called that an "achievement oriented society".
David Swan has written an article about the people behind Firmus, an Australian bitcoin mining turned AI data centre start-up that withdrew its $43.7 billion sharemarket float this week.
It's really quite something:
"Oliver Curtis, Firmus’ 40-year-old co-chief executive and the husband of public relations entrepreneur Roxy Jacenko, is a former investment banker who served a year in jail for insider trading a decade ago. He has since called his actions “incredibly, gravely stupid”.
"He co-founded Firmus in 2019 as a bitcoin mining business with his cousin Tim Rosenfield, who ran a luxury lingerie brand, and Jonathan Levee, who handles the engineering. Neither co-chief executive came from the technology industry.
"They signed up big names all the same. Nvidia, the world’s most valuable chipmaker, is a shareholder and James Packer and former treasurer Joe Hockey hold stakes. “As a father, I’m incredibly proud of what Oli’s done,” Curtis’ father Nick, a mining entrepreneur and major shareholder, told The Australian last week.
"Firmus earned about $US50 million ($73 million) in revenue last financial year. It asked to be valued at about 600 times that.
...
"The price had climbed quickly. Firmus sought a $1.2 billion valuation in late 2024 and raised money at $15 billion in August. Then it asked public investors for almost three times that.
"The road to Friday was rocky, to put it lightly. This week Firmus confirmed that a $73 billion partnership with CDC, an established Australian data centre operator, was over. The Financial Review reported that a test of Firmus’ prized cooling system had flooded part of CDC’s Melbourne data centre earlier this year.
...
"The banks running the float, JPMorgan, Bank of America, Morgan Stanley and Morgans, told investors on Monday that demand at $11 a share was “well in excess” of what was on offer. One Morgans adviser emailed clients that demand had been “enormous”.
"By Wednesday, the banks were discussing cutting the price to about $9. On Thursday morning, they told fund managers that bids made that morning were “not held”, then went quiet. “Bankers gone to ground,” read one message doing the rounds of brokers and investors. By midday the offer documents had been pulled from view."
https://www.smh.com.au/technology/two-tech-outsiders-tried-to-sell-a-44bn-tech-company-it-didn-t-work-20261009-p6145h.html
#business #AI #LLM #DataCenter #DataCentre #Firmus #capitalism #AIBubble
MENTAL HEALTH NEWS
I see the media articles are starting to flow now in which we are told the way capitalists and politicians coerce our lives is making us all mentally unwell.
This has been obvious to some of us for quite some time.
There is a solution: FUCKING STOP IT!
#politics #capitalism #mentalhealth
Relax. Everything will be fined.
#Capitalism
Big Tech is pure evil 😈
#BigTech #BigCorpo #CorporateGreed #Capitalism #Justice #BanAI #Meta #Microslop #BanDataCenters
https://m.youtube.com/shorts/6VS3c82oCzc
We went to Wyoming. Locals are FURIOUS about Big Tech's data center takeover.
“New EU greenwashing law makes sustainable shopping easier”
Says EU environmental NGO confederation, the European Environmental Bureau.
“This law is a win for consumers, green frontrunners, and planet alike.”
https://eeb.org/en/new-eu-greenwashing-law-makes-sustainable-shopping-easier/
#Environment #Green #Climate #Capitalism #EU #UE #EUPol #GoodNews #Law #Europe #Pollution #Sustainability
Boosted by @trending@homestead.social
We’re at the “evil is good, actually” stage of capitalism.
https://www.reddit.com/r/videos/s/rakVcO7hfT
#capitalism #fascism #BigTech
Replying to
@nixCraft@mastodon.social #TechBros are outperforming #FossilFuels in cornering energy markets, just from the #DataCenters front alone.
When SHTF, control as much vital root infrastructure, as possible. #Capitalism #greed at its *finest*.
Boosted by @Dragofix@veganism.social
#News: The "green energy" transition is a LIE! 🌍💥 WRM exposes how dams, wind farms & solar #mining destroy #forests, displace #Indigenous Peoples. Under #capitalism, ALL #industrial #energy = #deforestation. We need systemic change, not just new tech. #BoycottPalmOil #Boycott4Wildlife @palmoildetectives@mastodonapp.ukhttps://www.wrm.org.uy/bulletin-articles/the-direct-link-between-energy-and-deforestation-in-capitalism?utm_source=mastodon&utm_medium=Palm+Oil+Detectives&utm_campaign=publer
It's not in Western interest to limit Israel in any way.
Alana Lentin:
'Thus, the almost total impunity granted Israel as it has exacted death and destruction on the people of Palestine and sown murderous chaos around the region since its founding can also be understood in terms of the function it serves for the West. Israel’s recent June 12 attack on Iran exposes this in no uncertain terms. Germany, erroneously thought by a majority of observers to be driven in its rabid support for the Zionist colony by guilt for its genocide of the Jews of Europe, made its desires clear. Commending the strikes, German Chancellor Merz said, “This is the dirty work Israel is doing for all of us.”'
https://mondoweiss.net/2025/07/against-jewish-safety/
@palestine@lemmy.ml @palestine@fedibird.com#Israel #antisemitism #fascism #racism #CedricRobinson #AntiRacism #TheWest #capitalism #RacialRegime
It's not in Western interest to limit Israel in any way.
Alana Lentin:
'Thus, the almost total impunity granted Israel as it has exacted death and destruction on the people of Palestine and sown murderous chaos around the region since its founding can also be understood in terms of the function it serves for the West. Israel’s recent June 12 attack on Iran exposes this in no uncertain terms. Germany, erroneously thought by a majority of observers to be driven in its rabid support for the Zionist colony by guilt for its genocide of the Jews of Europe, made its desires clear. Commending the strikes, German Chancellor Merz said, “This is the dirty work Israel is doing for all of us.”'
https://mondoweiss.net/2025/07/against-jewish-safety/
@palestine@lemmy.ml @palestine@fedibird.com
Edit: link
#Israel #antisemitism #fascism #racism #CedricRobinson #AntiRacism #TheWest #capitalism #RacialRegime
The Hated One goes off on the tracking you didn't know about. McDonalds jeeps a profile on you like data centers whish they had. #tracking #surveillance #capitalismhttps://www.youtube.com/watch?v=R9hW6ztGaM4
IT'S HAPPENING...
Boosted by @gvenema@fairmove.net
As Jason Hickel argues:
'the tendency to equate capitalism with "markets and trade" naturalizes a system that is not natural, and prevents us from having a clear-eyed view of how it operates & how we might want to do things differently'...
he then offers a vg three part definition of capitalism:
-
Capitalism is built on enclosure & the construction of scarcity;
-
it requires perpetual expansion (growth);
-
economics decisions cannot be democratic.
#capitalism #economics h/t LinkedIn
Replying to
WTF "The planned waterfront community will pair exceptional residences and hospitality with a new model for funding art and culture through the wealth created by artificial intelligence."
https://www.praxisnation.com/content/praxis-uruguay-announcement
#Uruguay #AI #capitalism #latinamerica
Media, and most people around the world have forgotten about Albania and their never ending protests against oligarchs and Epstein class zionist trying to destroy their country.
Almost 100 nights of protests with 100s of thousands protesting every night hasn't gotten the publicity they deserve.
Albania needs our help to spread their message and ask for support of their fight against corruption at home and the global disaster capitalism.
#Albania #Protests #Kushner #Corruption #Europe #NotForSale #Environment #Economy #Capitalism
