Calling the Economist anything resembling "leftist" is emblematic of the psychosis in the system. The Economist is what the Wall Street Journal was before Murdoch bought it: Focused on encouraging long term thinking, gains, and wisdom, while reporting on the short term trends. The Economist is the absolute embodiment of the old man and the kid joke from the Sopranos:
The investor: "Hey dad, let's run down this hill and fuck that cow!"
The Economist: "Be patient, son. Let's walk down this hill and fuck 'em all."
Legislation and court rulings have shown that shareholders get everything they want, ever. They want Southwest to stop checking 2 free bags? It happens. Etc. Ad Nauseum.
Somehow, we need legislation that says companies are beholden first to their employees, then to their customers, THEN to shareholders. I don't know how to do that. Co-ops are the only real answer maybe?
“Southwest has been under increasing pressure to raise revenue and improve returns after activist hedge fund Elliott Investment Management took a stake in the airline last year and pushed for changes to the carrier’s business model.”
Elliot showed up because southwests entire computer system imploded over the holidays which cost them massive amounts of money and reputation. Changes were absolutely needed at southwest.
The US actually has a legal structure for employees to have beneficial (+ tax advantaged) ownership of their companies, the ESOP (employee stock ownership plan). It's a legal structure where a trust buys the company from the original owners on behalf of the employees and then allocates a percentage of those shares to the employees each year.
Since it's basically a leveraged buyout of the company by the employees, it provides a much more ethical succession option (IMHO) for privately held companies with founders who want to step down but do not want to sell to private equity. I wish more people were aware of it as an option.
The poster you're asking this to is probably talking about plug-ins. Plex, very long ago, supported plug-ins, but it no longer does. Plug-ins were usually for adding in support for other media scrapers (porn and anime), or even other media types, like audiobooks.
Additionally, Plex tends to revise their UI and inner workings in a way that favors everything but the core media sharing platform. They add TV stations, they mix in their streaming ad-supported channels with your search results, and push them before the friends and family stuff, making it tough to help other navigate to shared libraries.
I think, overall, Plex is a good shepherd for their product, but everyone knows the enshitificaiton process is inevitable. It's just a question of how long the timeline between "Plex is usable" and "Plex is sold to private equity and is now utter shit." I've been pleasantly surprised with the length, so far. But having an escape hatch is always a good idea, and Jellyfin seems to be nearing a parity.
Can confirm. Friend laid off on team of 15, that team is now down to 7. They built datacenters, too. US based. That's, sorta concerning since I thought their entire future bag was making datacenters......
Interesting perspective, here, from someone who has observed a tiny bit of unknown streaming history.
So, way back in the day, 2005, Turner Broadcast corp. launched this weird-ass thing, known as GameTap https://en.wikipedia.org/wiki/GameTap . It was a subscription-based service that offered on-demand retro videogames. While it started as a way to play MAME Pac-Man and Metal Slug legally from a legit service, it grew into a competitor in the online games market arena in a time when Steam was still nascent.
The whole thing was created by this amazing fellow named Blake Lewin. Blake was really sharp, and having built this on-demand, streaming emulation service, he even went on to add at-the-time-modern games. Now, this stuff literally just installed the game on your HD and let you play, so it wasn't quite Stadia or Luma, but it was absolutely ahead of its time, and it was really slick.
I was a journalist then, and while games journalists get pampered, Turner moving into games was on another level. They launched this thing at the Armani Store on Market St. in SF, and when you walked in, they asked you to pick some sun-glasses from the case to take with you when you left.
GameTap was great and even gathered a following, but from the moment it launched, I knew what it really was: Turner's scientific experiment to build the infrastructure to later allow it to stream its enormous library of content. Movies, cartooons, TV shows, etc.
I was having lunch with Blake, a few years into GameTap, and I asked him point blank how the video streaming prototypes were coming (pure guess, no evidence). He was baffled and wanted to know how I knew they were working on that. Said it had been going great!
But in the end, the service never launched, AFAIK. Maybe some remnant is still there somewhere, but it just shows, you can be years ahead in your planning and development, and still end up alone at the end dance. It's a shame. Turner has so many great things in their library, why is it not possible for me to just pay someone for access to all the old movies in the TCM vault!?
I vaguely remember watching a video that held that a huge factor in the dot-com crash was a revelation that the build-out of broadband (last-mile fiber-optic in particular) was going to be way slower than initially thought, which left a ton of nascent services dead in the water.
It feels like that was something companies were still feeling the sting of through the early 2010s. So many services and platforms that launched and, whoops, there still aren't enough Americans with fast-enough internet to support them. And then echoes of it in sectors like VR.
The thing is, it wasn't just that all of these companies were making stupid miscalculations. They seemed to have been earnestly following forecasts for adoption, only to have the other companies that controlled how much of the public was going to be able to access those resources in the following month, year, 3 years, etc., slow-walk their roll-outs for their own strategic benefit.
It makes me feel a little better that I can almost never afford to be an early-adopter for these things anyway, but it's frustrating as a consumer to see how long it takes for them to finally hit the market in a robust way (and eventually become cheap enough for mass consumption).
We're all used to instant hi-def YouTube but it wasn't until pretty darn recently that the average household had access to Internet fast enough to stream those qualities, and devices to play them.
Gametap was so great and really underrated at the time. I think I probably ended up introducing it to 4-5 people.
We're starting to see some gametap-esqu stuff again these days but it's like 15 years later and the quality isn't there for me. Even though my employer keeps giving me free Xbox ultimate subscriptions I never really use them. I think a big part was gametap was so frictionless, you boot up the client and start playing.
Imagine that, the United States is attempting to pervert truth into utter and complete lies. It's almost as if this is the only brand the United States has left.
At this point in my life if I see something with United States looks good compared to the rest of the world I just immediately assume it is a lie. Because the United States is nothing but lies and greed anymore. We cannot even claim innovation as a central motivator anymore.
2007, my employer is a magazine. I demand a blog. They decide to write one from scratch in .NET because we are a software magazine. 2010, said CMS is retired for Hubspot. Or maybe that happened later. Either way, to make me happy to have Hubspot is a feat. Also a great business angle for Hubspot: write your own shitty CMS? Welcome! And again, either way, 2017, bankruptcy. All money spent on CMS from inception to retirement could have been abated by a WordPress subscription. Definitely way above 6 figures lost. Coulda kept us alive for a few more years, anyway.
The investor: "Hey dad, let's run down this hill and fuck that cow!"
The Economist: "Be patient, son. Let's walk down this hill and fuck 'em all."
reply