Milken’s worth is stagnant - he can’t play stocks. In the 80s Milken had what the wealthy always want, power. He doesn’t have it now. 6 billion is what he’s worth and that’s a long long way below the likes of Elon Musk. Had Milken never been convicted he would’ve kept growing like Elon did.

You’re missing my point. I’m not saying these guys are put into the same kind of financial distress the rest of us are when the car breaks down. They’re still the top 1%. And that’s fine with me, there’s always going to be a top 1%. It’s the “beyond” that concerns me, when they have enough money that it no longer matters when they lose. Milken, Madoff, they all had that much at one point and then they lost. They lost the thing they craved, the power. They might still be rich but they know better than anyone that wealth without power is just an appetizer. They want a seat at the table and getting removed from the SEC is paramount to being told they aren’t dressed well enough to eat in the restaurant.

Removing his ability to play stocks at all is removing his ability to earn money. His investors will leave him and the interest on his loans will liquidate him. We’ve seen more than a few of his type flash up and fade away. Milken. Pickens. Belfort. And of course, Madoff. Just to name a few we know by a single name.

He would still be wealthier than 99.99% of people but then so are a lot of folks on the planet. That’s 80 million people left over in that .01%. That’s not all that powerful at all. It’s removing him from the .00001% thats the goal. And killing his stock market abilities would do that over-night. It’s why he bought Twitter, he had to because this was the alternative.

Kinda… depends on how things got him there. The thing Elon can’t lose without really going off the rails is his ability to play the markets. Once the SEC kicks him out you’ll see him legitimately calling for open revolt.

TIL Voat shut down. Shocker.

1 9 90 rule applies quite well, only a limited number of users ever interact with anything at all, and no one interacts with everything.

Most human like thing about it yet, in fact.

Google Power Delete Suite. Don’t leave your content there for them to use.

I feel like the hurdles are kind of features. If your elderly parents can’t figure out then they can’t well flood it with trash. Reddit was the same way at first, oh so long ago. People weren’t used to the format and users without any tech savvy were dissuaded from entry. That turned into a libertarian foundation. This time around the generations that are tech savvy aren’t libertarians, they’re progressives. So we’re seeing a progressive foundation in the federation become established, and that’s going to narrate the future culture here, just like libertarians narrated the culture of reddit for so long.

He’s already overridden people blocking him. You still see his posts.

He’s just trying to make sure it stays useful as a weapon for fascists like himself is all.

The api changes really were about protecting their gold mine of data from ai data models scraping for data. Reddit wants to use that data to create its own models and then replace moderators with those models. The ultimate goal here is to turn the existing dataset into an automoderator on steroids that they could sell anywhere. Trouble is someone else is going to beat them to it.

There was a reason these changes lined up so nicely with Google doing the same thing. Everyone’s realizing they’ve been spouting their gold from firehoses for any machine to pick up, and they’re being reactionary and turning them off asap instead of just like, accepting it as a facet of having a public social network.

Not those of us who exclusively used the 3rd party apps. Former RiF user here, reddit for 12 years. Not doing it on their app, you couldn’t pay me to tolerate that experience. Using Jerboa right now and with a couple tiny improvements, I got no problem switching.