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If you spent $399.99 on Apple stock instead of an iPod in 2001, you'd now have $9,217,922 [1]
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Date: 2022-10-10 12:00:16+00:00
Mediummike: Mediummike: I don’t think the math is right. That 34¢ a share is the split-adjusted price, so your calculations do the 56:1 split twice.
Thanks for this.
shichae: shichae: It’s going to sound crazy, but even knowing that I could’ve made millions of dollars instead of buying my first iPod in 2003, I still feel my life would have been different in unpleasant ways…
For those of us who are not “temporarily embarrassed millionaires” but ordinary working people who still look into our mirrors every day to meet our own gaze, I say this: don’t buy this “I could been a zillionaire if” narrative.
Labor Notes – 11 Sep 20 Review: Dying for an iPhone: Apple, Foxconn, and the Lives of China’s Workers Jenny Chan, Mark Selden, and Pun Ngai did extensive field research for almost 10 years to produce Dying for an iPhone. The result is a riveting account of the lives of workers on the production line, but the authors go further to reveal the human,...
Media exposés at first were integral to shedding light on rights violations at Foxconn and raising awareness. But this has not been enough. Apple’s rights violations have been widely reported over the years, and despite some improvements, these have clearly been limited. Negative media reporting takes a very targeted approach. Where Apple acknowledges that conditions have fallen short of its standards, the company merely addresses the factory in question, rather than making wholesale improvements in the supply chain.
India Today Apple investigates iPhone facility in India after workers protest against... The workers of the Foxconn plant in Chennai's Sriperumbudur protested against the poor working conditions including crowded dormitories, toilets without water and stale food infested with worms.
The food items that were given to the workers were infested with rats, food safety inspectors who visited the facility following the protests revealed. Due to the contaminated food, over 150 women workers were hospitalised. The hospitalisation of workers because of inedible food led to the protests. The Reuters were informed by the Thiruvallur district administration about the mass food poisoning incident among Foxconn workers on December 15. As per the administration, a total of 159 women from a single dorm were hospitalised on the day due to food poisoning. While 100 more sought medical attention but were not hospitalised. The rumours of some workers dying after consuming contaminated food were also doing the rounds. However, this was not an uncommon site in Foxconn. It was reported that workers fell ill repeatedly due to the unhygienic atmosphere they were inhabiting.
Austin, Texas is aswarm with tech bros who have fully bought in to the “get rich at any price” bs, and today we see the predictable negative impacts to our once lovely town. Obscene inequities in society create injustices that get baked into its culture as oligarchs end up controlling the joint. Worship of wealth is a death cult tenet.
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