Nicholas Robert Rekieta / Rekieta "Law" / Actually Criminal / @NickRekieta - Polysubstance enthusiast, "Lawtuber" turned Dabbleverse streamer, swinger, "whitebread ass nigga", snuffs animals for fun, visits 🇯🇲 BBC resorts. Legally a cuckold who lost his license to practice law. Wife's bod worth $50. The normies even know.

[Divine right to rule]

Virtually all tech platforms run at a loss. The revenue model for Silicon Valley is not to generate profit through actual selling of goods or services, but to expand the userbase to attract more VC investment

A bubble then?

 

[Make Anime Illegal]

Let's say I'm an investor, and I put in $X.
How does Google pay me if it runs youtube at even a minor loss?

Normally a company does this by paying dividends. But a company can also indirectly pay you if you buy a share at $X and their share price later goes up to $Y. Then you've made $(Y-X) profit. That assumes the share price goes up, though.
People think the share price will go up because a social media company with more users is worth more.

 

[make_it_so]

More investment signals "hey, this is a stock that's going places!" which raises the value of the stock which means higher dividend payments, which draws more VC investment.

If you're asking, "how is that viable in the long term?" well, it's not. It's literally a repeat of the 90's Dot Com bubble. But this time around there's even more money being thrown around, and it's allowed these companies to acquire and wield significant power that affects the rest of us.

 

[Woe-B-Gon (TM)]

It's almost like the AI is trying to tell them that globohomo isn't the way to go.

Yeah, well, if you build something whose sole job is pattern recognition, you shouldn't be annoyed when it recognizes patterns. But then we wouldn't have tons of books* and articles specifically saying AI is racist/sexist/whateverist and we need to "train it better".

Spoiler: *Totally OT book rant

OK, one book I know of. "You Look Like a Thing and I Love You" by Janelle Shane. Was bought for me because "LOL let's watch AIs be funny and say weird things!" and I wound up throwing it across the room after a multiparagraph rant on how she picked the title by having a simple neural network generate pickup lines and chose that one because it was one of the only ones that wasn't sexist. Wow, feed an AI with a bunch of obnoxious cheesy pickup lines and then get annoyed when it outputs stuff that triggers you. Brilliant.

 

[Make Anime Illegal]

I wonder if ZeroHedge or Breitbart will talk about this. IIRC at least one of them had articles about KF and CloudFlare.

 

[yydszmiteg2]

More investment signals "hey, this is a stock that's going places!" which raises the value of the stock which means higher dividend payments, which draws more VC investment.

If you're asking, "how is that viable in the long term?" well, it's not. It's literally a repeat of the 90's Dot Com bubble. But this time around there's even more money being thrown around, and it's allowed these companies to acquire and wield significant power that affects the rest of us.

It's all very reminiscent of the south sea bubble situation.

 

[Ralph Barnhardt]

Alphabet will never let go of YouTube.

I agree.

I've seen a lot of talk about how much money people like Nick make for youtube, including from Nick himself, and this has always bothered me. Youtube, as best as I can figure out, has NEVER been profitable since google bought it. It continues to be in the red and they leave diversity hire Susan Wicky Wicky at the helm. It is incredibly clear they do not care about money and I don't think it's because Alphabet already has all the money. I believe that's because there's far more value in data harvesting and, tin foil time, information moderation. What's worth more, putting time and effort into finally being in the black or having large swathes of the population only seeing and hearing what you want them to hear while building profiles on each and everyone of their users?

 

[General Disarray]

I went back to blaze.tv to get the rip but it's not even listed on Crowder's section (yet) and trying to rip while live was not working. Glad to see it getting around so quickly.

At least I get a neat new coffee vessel.

 

[Balr0g]

A bubble then?

Apparently the bubble is close to bursting as Facebook (or rather Meta) and other Silicon Valley giants have issued a hiring freeze and are even looking to weed out their staff for lazy employers. Hopefully this means the danger heads and axe wounds get the boot.
And who knows what happens with Twitter now that Musk owns it. I expect a heavy restructuring of the company. Musk himself said he wants to make Twitter a basically one in all product. Interesting times ahead

 

[Retink Retunk]

Doesn't it run a massive loss?

Running at a loss doesn't mean the business is actually incapable of returning a profit. In anything business related you can be making a ton of money but you can be operating at a loss because of things like depreciation and reinvestment. There are also benefits to showing a loss on the balance sheet, such as taxes, but also in Youtubes case it's much harder to sue them for say copyright infringement because well they're running at a loss in legal terms even if they're making money when you take out all of the financial bullshit.

A great way to understand this is to think real estate, as it's something everyone can own in theory. Imagine you have a rental property that cost 300k$ to buy, and if you depreciate the cost over 30 years, every year you're showing a loss of 10k$ on the property value when filing taxes even if the price of the property is going up. So if you're making 9k$ in rent a year for the property, and pocketing all of that money for yourself, you'll show on your taxes or balance sheet that you've made a loss of 1k$ for the year even though you have 9k$ in your pocket and your property is now worth 309k$ due to inflation.

The way you can fuck with taxes and more once you own property or business gets rather insane.

 

[Captain Manning]

Tempting as that might be, we are not the Autistic Illuminati.

Troons: "We're the victims of a KF harassment campaign!"

Most Farmers and Null: "No, you're not. You're merely being laughed at for the stupid shit you say and do. STFU."

2022 Pink Triangle Retards: "We need to campaign against Keffals!"

The first group is worse, but the third is hardly helping matters.

 

[Seeans]

Apparently the bubble is close to bursting as Facebook (or rather Meta) and other Silicon Valley giants have issued a hiring freeze and are even looking to weed out their staff for lazy employers. Hopefully this means the danger heads and axe wounds get the boot.
And who knows what happens with Twitter now that Musk owns it. I expect a heavy restructuring of the company. Musk himself said he wants to make Twitter a basically one in all product. Interesting times ahead

You only need to look at Google itself, they closed not only Stadia but also their laptop business and other services almost out of nowhere.

All big tech companies are downsizing because the big tech boom do the pandemic has started to go down and the heavily recession ahead.

 

[Lone Outsider]

Troons: "We're the victims of a KF harassment campaign!"

Most Farmers and Null: "No, you're not. You're merely being laughed at for the stupid shit you say and do. STFU."

2022 Pink Triangle Retards: "We need to campaign against Keffals!"

The first group is worse, but the third is hardly helping matters.

Much like the SJW and Anti-SJW crowd. Just look at Gamergate, Comicsgate and Weeb Wars. At this point it's better to not have a stake in either side.

 

[Dracula]

Very soviet way of doing things. Everyone is guilty we just don't know what they are guilty of yet.

Speaking of "soviet way of doing things".
A very common practice during the regime of Stalin were the anonymous indictments or "Donos" as they were called.
While the intended use was to report spies and enemies of the state, pretty much everyone used it for their own gain (take over the property of the accused, replace someone from a valuable position, etc.)

 

[Alex Krycek]

It’s exceedingly rare I just make a single sentence post that adds nothing to the conversation but because I actually really like Nick and what he does I cannot resist.

Fuck these people.

 

[IDanceonTrannyGraves]

Google is not going to sell a platform that makes 0 money that they bought solely to monopolise video content creating and hosting

I know, I was daydreaming.

 

[Thumb Butler]

The internet really is turning into a virtual Great Britain.

 

[Gaunt King Ithan Rilph]

Crossposting this, Faran shitting on the gunt during Nick's last stream.

MEIGH GET ME MUH FUCKIN' ENEMY LIST, DIS DAMN WHORE CALLED ME A PAEDO AND SAID I'M FAT!

View attachment 3720100

 

[F_Break]

Hey I've got a bit of a weird question for those of you who haven't denounced YouTube entirely but were previously subscribed to Nick.

I am not subscribed to Law&Crime, I do not interact with the channel in the slightest. However, this morning I got a recommendation for the channel as a push notification sent to my phone. I don't get these very often, so seeing it did stand out to me. This left a sour taste in my mouth because I know they were assblasted about Nick using their streams of court cases and making crazy $ off of it.

This might seem far-fetched but I'm wondering if there's more to this than just the trannies, because that feels a little too on the nose. Did anyone else experience something similar, or am I just being retarded over a coincidence?

Given the track record of L&C as well as YouTube shills doing strange shit, I don't want to write off the possibility that more bad actors have been involved.

It's not a coincidence. The Keffals shit is being used as justification but you have several factions that were working together (including activist employees within Google/YouTube) behind the scenes in order to give YouTube enough cover and justification to finally pull the trigger for real. The biggest mistake a lot of the cancelled make is getting smug and complacent when the early deplatforming attempts fail. These people never stop and the activist employees within these are playing the long game even if the foot soldiers are completely retarded. L&C tried and failed to demonetize his channel with spurious DMCA claims so the activists within YouTube had to wait until he got mass flagged for showing a violent clip to give him a strike. I'm sure YouTube was giddy when he started talking about Keffals because more strikes via mass flagging were guaranteed.

 

[Happy Fish]

It's not a coincidence. The Keffals shit is being used as justification but you have several factions that were working together (including activist employees within Google/YouTube) behind the scenes in order to give YouTube enough cover and justification to finally pull the trigger for real. The biggest mistake a lot of the cancelled make is getting smug and complacent when the early deplatforming attempts fail. These people never stop and the activist employees within these are playing the long game even if the foot soldiers are completely retarded. L&C tried and failed to demonetize his channel with spurious DMCA claims so the activists within YouTube had to wait until he got mass flagged for showing a violent clip to give him a strike. I'm sure YouTube was giddy when he started talking about Keffals because more strikes via mass flagging were guaranteed.

It always weirds me out how many aware and non-insane people not only use but heavily rely on the major platforms without a backup already in line. Like, if a company (or agency) repeatedly sides with the insane why are you so complacent you think shit is never going to hit the fan? Is normalcy bias really just that great of a drug?