Tech Companies Report Profits as 40M Americans Face Evictions

vice.com

6 points·pmoriarty··8 comments

>companies reported earnings that show they’ve made billions during a pandemic that has put 40 million Americans at risk of eviction

This type of phrasing really is terrible and unnecessary. Writers at Vice made a killing in profits off of the pandemic as well, just as they do from every event that allows them to stoke fear and write hit pieces, but you don't see them being shamed here

Because people and money are moving online because "Digital transformation" is happening faster. It is nothing to do with the 40M americans facing evictions. Even if software companies didn't make profit, they'd have still faced evictions.

Turns out if the only way to conduct business is vis the Internet the companies that enable that make money

The title makes it sound like the tech companies are making those record profits by evicting people.

So? The first thing is good. The second is bad. Stopping the first won't fix the second.

I wouldn’t necessarily say the first thing is good. Those profits are partially the result of non-competitive behavior everyone would be better off if they were much smaller. But, indeed, the title is there to be provocative.

Indeed, the media (primarily progressive) keeps tying those two together - wealth/prosperity is not a zero sum game.

I can understand why the narrative is appealing because it indicates extreme polarization - not left/right but top/bottom. Increasing income inequality is a concern and these headlines help with the message.

Exactly!

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