News for hackers. Stuff that matters.
Re:Bloomberg just bought CityLab and put half its reporters ... by malandrew on Friday December 13, 2019 @08:44PM (#21787230)
Unfortunately, in 2019, no big corporation is allowed to be seen as the good guys no matter how noble their deeds are.
Re:Bloomberg just bought CityLab and put half its reporters ... by rapind on Friday December 13, 2019 @11:43PM (#21787867)
It's far saner to assume that all for-profit companies are in it to make money first and foremost, or will be eventually when they start to fail or have less scrupulous competition. From this starting point, and if you care to, you can then evaluate a company to get an informed opinion of whether or not they're doing "noble deeds", aligning with your interests, what you believe are societies interests, etc.

Assume your neighbours are noble by all means, but assuming all or even most large corporations are will lead to inevitable disappointment (or lessons learned).

Re:Bloomberg just bought CityLab and put half its reporters ... by awillen on Friday December 13, 2019 @08:48PM (#21787249)
I see a lot of the same with PE firms buying companies - "<PE firm> buys <beloved company that was failing> and lays off half the workers! Evil, evil PE firm!" Now obviously there's a fair amount of the time when PE firms do dividend recaps and other financial engineering that harm the companies, but there's plenty of time when they trim the fat from a failing company and save a lot of jobs. That doesn't make for a nice clickbaity headline, though.
Re:Bloomberg just bought CityLab and put half its reporters ... by WalterBright on Saturday December 14, 2019 @05:19AM (#21788758)
One thing about the free market is it is constantly reallocating resources from lower performing uses to higher performing ones.
Re:Bloomberg just bought CityLab and put half its reporters ... by milkytron on Saturday December 14, 2019 @06:25AM (#21788958)
That's assuming the free market is actually free.

Some lower performing resources are at an inherent disadvantage, created by the higher performing ones.