NoxicRox
NoxicRox t1_j1dinat wrote
Reply to Meta settles Cambridge Analytica class-action lawsuit for $725 million / The company gained access to the personal information of millions of Facebook users by Sorin61
$3 per person is a joke lmfao.
NoxicRox t1_iue1tl4 wrote
Reply to comment by swd120 in Amazon may have to turn to SpaceX for help launching its Starlink rival service by Soupjoe5
Right now it is, but as StarLink becomes more affordable and with innovation being pushed, I can see us going wireless eventually. Fiber optics are great but it’s slowly becoming outdated.
It’s long overdue too as the current isp market is very much a natural monopoly at worse and at best maybe a duopoly.
Similar to Teslas first vehicles that were priced non-economically, StarLink will eventually become affordable through increased monthly users and natural competition.
NoxicRox t1_iubjv4k wrote
Reply to comment by Maneatsdog in Amazon may have to turn to SpaceX for help launching its Starlink rival service by Soupjoe5
Through an investors standpoint, the business is actually operating at its efficiency point when marginal profit is equal to $0.
When marginal profit is equal to $0, marginal revenue equals marginal costs, which would indicate the production point where profits would be maximized.
As an investor, you don’t want to see money that’s stagnant, you want the firms you invested into to maximize profits at any given point in time.
What you said completely goes against microeconomic principles. With that said, I’m convinced you have no idea what you’re talking about lol
NoxicRox t1_iuazvar wrote
Reply to comment by squeevey in Amazon may have to turn to SpaceX for help launching its Starlink rival service by Soupjoe5
This would more than likely make StarLink more affordable. More competition in a monopolistic firm, will help lower the economic profit, and as a result, lowers the price for consumers.
If a perfectly legal world (lol), Amazon and StarLink cannot collude on price, and because of this, when one lowers price because their profit margins are allowing them to, the other firm will react by lowering theirs accordingly and we get this balancing act until marginal profits equal 0. At this point, the consumers are getting the best deal.
That’s where we are headed if StarLink gets some competition.
NoxicRox t1_iuayu2m wrote
Reply to Amazon may have to turn to SpaceX for help launching its Starlink rival service by Soupjoe5
So Amazon just plans on what? Launching their satellites a little higher than StarLinks satellites?
Sounds wild man. Pretty soon earth will look like a hive mind of drones from space lol.
I’ve been waiting for StarLink to become cheaper than my current ISP. I’m hoping that with bezos bringing in more competition, that the price will be lowered. Bring me that price equilibrium yea monopolistic capitalist.
NoxicRox t1_j1dkvwb wrote
Reply to Facebook parent Meta to pay $725 mil to settle lawsuit relating to Cambridge Analyticahttps by dft-salt-pasta
I think to truly understand how little they were fined, we should do a skit on the sub Reddit DataIsBeautiful showing how much an average person in America is charged for common things like speeding tickets and similar things, as a % of their yearly earnings.