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Joined 1 year ago
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Cake day: August 14th, 2023

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  • They’ve got a good, but not perfect, track record of actually uncovering illegal conduct by their targets.

    • They exposed Nikola’s fraud (including exposing the video they published pretending that their prototype rolling downhill was moving under its own electric power) and their findings led to the Nikola founder’s indictment about a year later.
    • They alleged fraudulent disclosures and financial statements by Nigerian conglomerate Tingo Group, and the government ended up indicting the founder for securities fraud.
    • They showed that Lordstown Motors was drumming up fake demand by literally paying potential customers to sign letters of intent to join the waitlist for their not-yet-created electric truck. The SEC ended up charging them with misleading investors, and brought action against their auditor who had conflicts of interest.
    • They exposed the obvious fraud of EbixCash, a gift card network, and tanked its IPO, by showing that they were lying to investors about the existence of their partners (using photoshopped buildings and fake addresses and phone numbers), lying about app downloads, and almost all of the revenue was from their own sister companies. This exposure brought down its parent company, which ended up in Chapter 11.

    They’ve had less success accusing two huge well-connected investors of fraud:

    • They published a report that billionaire Carl Icahn was manipulating the share prices of his fund by using a sophisticated ponzi scheme structure that paid old investors using new investors’ cash. The SEC ended up investigating and settling for a disclosure violation about failing to disclose their pledge of more than half the stock as collateral, but didn’t actually find facts confirming the meat of the Hindenburg accusation.
    • They’ve gone after India’s Adani Group for accounting fraud and stock manipulation, but that hasn’t led to anything actually uncovered. India’s security regulator has concluded their investigation without findings of wrongdoing, but Hindenburg has doubled down and says the regulator is compromised by corruption. Adani’s founder is close to India’s Prime Minister.
    • They alleged that Block/Square was aware of, but doing nothing to stop, widespread fraud in its Cash App and debit card transactions. That wasn’t enough to actually move the stock price, because it was kinda a weak accusation, they didn’t really show that Cash App was any different from any other similar fintech product, and Block is a much bigger company that has lots of other business units.

    The problem is that most of us on the outside looking in just see accusations, some of which are proven years later, and some of which never get proven, so we don’t have a good sense of which ones are real or not, whether anything is overstated, or whether it actually makes a difference to the underlying company.


  • Enshittification isn’t always driven by a conscious person or organization with an agenda, much less one with an agenda of short term financial gain. Sometimes the aggregation of a bunch of individual decisions causes something to get shittier. Or better. Or just different. 4chan is not at all like it was 20 years ago, but it wasn’t because of corporate influence. The culture just changes.

    So if the question is whether the fediverse might someday suck, I think the answer is probably yes. It remains to be seen how it will suck, who will have caused it to be that way, and whether there will be other nice things about it.


  • booly@sh.itjust.workstoMemes@lemmy.mlChoice
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    2 months ago

    This is a counter to the Democratic party supporters you see everywhere who always get irrationally upset at third party voters, not about Republicans.

    Plenty of us Democrats are very much in support of a ranked choice voting schemes, or similar structural rules like non-partisan blanket primaries (aka jungle primaries). The most solidly Democratic state, California, has implemented top-2 primaries that give independents and third parties a solid shot for anyone who can get close to a plurality of votes as the top choice.

    Alaska’s top four primary, with RCV deciding between those four on election day, is probably the best system we can realistically achieve in a relatively short amount of time.

    Plenty of states have ballot initiatives that bypass elected officials, so people should be putting energy into those campaigns.

    But by the time it comes down to a plurality-take-all election between a Republican who won the primary, a Democrat who won the primary, and various third party or independents who have no chance of winning, the responsible thing to make your views represented is to vote for the person who represents the best option among people who can win.

    Partisan affiliation is open. If a person really wants to run on their own platform, they can go and try to win a primary for a major party, and change it from within.

    TL;DR: I’ll fight for structural changes to make it easier for third parties and independents to win. But under the current rules, voting for a spoiler is throwing the election and owning the results.



  • For the U.S. at least:

    With condos, there’s a condo association that owns all the common areas. Then the association itself is owned by the owners of the units, and the management is elected by the owners.

    With co-ops, the unit owners directly own the common areas in common, and the management is also elected by the owners.

    Functionally speaking they’re very similar, and co-ops tend to exist in places where this legal structure predates the invention of homeowner associations (basically New York).



  • The whole conversation from the vegan side has been that those proteins and other substances essential to cats are already commonly synthesized for things like animal feed or even human energy drinks. Your own source says it’s impossible without synthetic supplementation, but the deleted comments from that dumpster fire were specifically about synthetic supplementation.

    I’m not an expert in this stuff but I can see when comments aren’t actually engaging with arguments from the other side, which is why I think that the vegans have the better argument in this whole saga.