just Reading a post
kiwifarms.net
- Joined
- Jul 30, 2024
I just find it funny that the big boogie man who haunted /pol/s dreams is losing this hard and is not as scary as they made out and his infinite money printer ran out of gas.Ahh, so you're someone savvy to the fact that ESG has been on the way out since late 2022 in actual business circles, and DEI's been getting slid out since mid-late 2023 once it became apparent that the rates were going to stay high, eh? Yeah, it's hard to afford luxury bullshit when you don't have infinite, free debt anymore.
But that's just not right. Stop getting news about business from insiders and analysts - start getting it from fat guys who get mad on the internet to make a living.
And remember: the more divorces they have under their belt, the better. If it turns out they get busted for coke and child abuse, you know their insight was razor-sharp.
Granted, we'll still see projects that were greenlit back in those glory days of near-zero interest (in 2016, it was starting to trend up, but still <1%) just barely squeaking past the finish-line, but I wouldn't be surprised if we see some more cancellations to come. What's really remarkable about Concord is just how huge of a loss it's turned out to be - and I was already shocked that Sega came to the (prescient) decision to shutter something they'd already dumped, iirc, ~100M into.