607
About half of Bandcamp employees have been laid off
(www.theverge.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 Oct 2023
607 points (98.6% liked)
Technology
59287 readers
4336 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
It's fraudulent as fuck. Hedge funds who are also market makers (oh, sure, they claim to be 'separate' yet repeatedly get fined for their behaviour, all while not admitting fault of course). Definitely no conflict of interest there. That's before we even get into 'dark pools': https://www.investopedia.com/terms/d/dark-pool.asp
When a majority of trades for many companies are conducted with zero oversight, that allows bad actors to manipulate the markets. It's madness to me that this parallel system is allowed to exist. I just picked AAPL at random, 43% of trades were made 'off-exchange' yesterday. ~22m shares traded with zero price action or regulation.
https://chartexchange.com/symbol/nasdaq-aapl/exchange-volume/
But but but there's not zero oversight, they're self-regulated which always works! 🤡