Gfycat.com shuts down on September 1 and all Gifs will be taken down

L4sBot@lemmy.worldmod to Technology@lemmy.world – 754 points –
Gfycat.com shuts down on September 1 and all Gifs will be taken down - gHacks Tech News
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It's called fiduciary duty and it's why every mega company sucks.

Cut costs by replacing cashiers with self checkout? Write a fat check to the shareholders! Then, shoplifting is becoming an even bigger issue from the self checkout... Cut costs again by preventing shoplifting by having people man the self checkout! Write another fat check to the shareholders!

Nevermind that it would have been easier and cheaper to just keep the system we had. Looking at you, Target.

Hey, but self-checkouts are good. Dunno how they use them at target, but at shops I go to they allow me to get to the shop, grab what I need and leave within 5 minutes.

And not so sure with cheaper. Again from my experience, shops have a setup of 6 self-checkouts per 1 employee.

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Remember! You can't say "fiduciary duty" without saying "douche" and "doody."

Fiduciary duty is an absolute circus. Obligating companies to maximize profits at the expense of the wider society is the exact opposite of how law should work.

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