The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.

  • Cruxifux@feddit.nl
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    4 days ago

    I can’t even think of a time in history where someone was a huge piece of shit in America and “lost everything.” Maybe R Kelley, P Diddy, and Bill Cosby? But only for the time they spent in whatever rich guy jail they got to go to and then they were fine.

    • TheFeatureCreature
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      4 days ago

      Elizabeth Holmes comes to mind. She manoeuvred herself into a position of wealth and power by defrauding other rich people and got herself 11 years in prison for it. That’s 11 years more than most other rich scumbags get.

      • Billiam@lemmy.world
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        4 days ago

        And that just goes to show:

        The only time rich people are held accountable in the US, is when they fuck with other rich people’s money.

      • deranger@sh.itjust.works
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        4 days ago

        The most bizarre part of the Theranos scandal is that any medical lab tech/scientist could have told you, right from the initial pitch, the entire thing was a massive scam. There was literally no reason to ever think this technology was feasible and a mountain of reasons it wasn’t.

        • cubism_pitta@lemmy.world
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          4 days ago

          Elizabeth Holmes only got in trouble for lying to people who should’ve done their “due diligence”

          The patients / families of the patients that Theranos lied to and mislead never got justice.

          • Ledericas@lemm.ee
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            3 days ago

            i read an article when the theranos sht has been going down, around 2016, look how long it took to charge her. a patient hormone level was higher than normal indicating some form of malignancy, she took chemo only to find out she dint have any. and another indicating her bizarre behaviours too.

          • deranger@sh.itjust.works
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            3 days ago

            I’m aware. I’m also a medical lab scientist and the entire thing screamed bullshit from the start, not necessarily due to the feasibility of testing on small volumes, but things like calibration and quality control.

      • Viri4thus@feddit.org
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        4 days ago

        The worst of all this is that from the top of our heads we came up with a woman and three black dudes. Other than Madoff I don’t remember any white dude getting any deserved retribution other than the recent United Healthcare CEO.

      • Cruxifux@feddit.nl
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        4 days ago

        But after that 11 years didn’t she come out of prison still rich?

        • TheFeatureCreature
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          4 days ago

          She went into prison in 2023 so she will be there for a while yet.

          I don’t think her wealth is known exactly but she and her company lost billions during the scandal.

      • Ledericas@lemm.ee
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        3 days ago

        and not the patients live she ruined, even caused harm to, in one article a patients certain hormones was extremely high , indicative of type of reproductive cancer.

      • Cruxifux@feddit.nl
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        3 days ago

        lol that was my immediate thought too. But I didn’t want to bring it up because even with the racist implications those guys all definitely suck and should be in prison.

    • lobut
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      4 days ago

      I don’t know if Sam Bankman-Fried is a huge piece of shit. He’s definitely a liar and a scammer though. But he was like rich as anything and then lost it all. Now he’s trying to curry favour with Trump to get out of jail.

      • masterofn001
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        3 days ago

        If anyone is trying to gain favor from trump that’s enough to tell me about their character.

        Also, yes sbf is a huge piece of shit.