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Spotify and Major Music Labels Sue Anna’s Archive for $13 Trillion (hackread.com)

submitted 3 days ago by slothrop@lemmy.ca to c/piracy@lemmy.dbzer0.com

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[-] phoenixz@lemmy.ca 88 points 2 days ago

$13.000.000.000.000

Like, are we 12 now? I too would come up with these bazonker numbers at that age.

Fuck Spotify,fuck the current legal system that got us here

[-] ArseAssassin@sopuli.xyz 23 points 2 days ago

The higher the number, the more the stock goes up when they announce it. Should be opposite though really if these guys are incompetent enough to lose $13 trillion because of a single pirate.

[-] phoenixz@lemmy.ca 3 points 2 days ago

Are you going to tell me that investors are bumb enough not to see that nobody will ever even see a % of a % of a % of a % of a % of that number?

[-] ArseAssassin@sopuli.xyz 9 points 2 days ago

Why, none of that matters. Stock markets run on the hopes and dreams of investors. That's how guys like Sam Altman can get away with evaluating their company at $1 trillion despite the bottom line showing them doing nothing but wasting funds.