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Raspberry Pi launches its IPO (www.raspberrypi.com)

It was nice knowing Raspberry Pi while they lasted. Going to suck losing something that has changed the homegrown embedded system hobby forever.

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[-] Voroxpete@sh.itjust.works 12 points 6 months ago

Opening up to institutional investment means opening yourself up to ownership by a culture that demands infinite growth. In recent years this has gotten particularly bad; with the rise in interest rates, stocks can no longer deliver moderate growth and still be considered worthwhile investments. Everything is either a rocketship to the moon, or its a sell. Combine that with a string of US court cases that have interpreted tge law in such a way as to foster the belief that its illegal for companies to put anything ahead of shareholder value, and what you get is a top down imperative to squeeze the maximum profit out of everything. When you see Microsoft mulling over ideas like putting ads in your start menu, or EA talking about in-game advertising, this is why. When you see Spotify raising prices multiple times while crowing about how their content production costs are basically non-existent and changing their contracts so that smaller artists literally don't get paid for their music, this is why.

this post was submitted on 11 Jun 2024
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