New: Netflix said it wasn't a monopoly. Then it collected a $2.8 billion windfall and raised prices anyway. As it pushed to acquire parts of Warner Bros., the world's largest subscription streaming service sought to downplay its market power through a PR campaign and beefed-up lobbying operation.

AI chip supercycle is generating such extraordinary profits at South Korea's two largest memory manufacturers that individual employee bonuses at SK hynix could average roughly 700 million won ($477,000) this year, and almost $900,000 next year www.tomshardware.com/tech-industr...

Regulators could keep capital in the banking system, ensuring that it supports lending and strengthens the economy. Instead, they're letting banks go on a stock buyback spending spree, diverting capital from where it's actually needed. www.ft.com/content/67d4...

Instead of investing in better products and services, or their engineers, Adobe is announcing $25B payment to the stock market. Last year they spent $10.5B on the stock market, that's $335K per employee, the people who made their profits possible #buybacks

Our car-dependent status quo is the result of political choices that have steered decades of financial-, spatial- and design decisions. It is time to repoliticize these decisions and reshape our public spaces.

A 1% market gain creates about $482 billion in new wealth. It is true that 62% of Americans own some stock, but those gains do not get distributed evenly across that 62%. yourfairshare.info/dataviz_mark...

Most food and beverage companies are doing JUST FINE: posting healthy profits, doing buybacks and paying dividends. The argument that they couldn't afford higher wages isn't math, it's ideology. yourfairshare.info/industry/foo...

Nike laying off 1400 workers finance.yahoo.com/markets/stoc.... #Nike made $3.2B last year, enough to pay every employee $41K. They had enough money to spend $345M in buybacks and pay $2.4B in dividends. That money could could have been $35K to each employee. yourfairshare.info/nike

If you follow @rbreich.bsky.social you should follow @davidsirota.com

For decades, rich and powerful interests and their right-wing political allies have been executing a secret plot to buy our political system — and it may get a whole lot worse. @davidsirota.com reveals the full story of how we got here, and what we can do to get out of it. youtu.be/AeO41h4fHb4?...

Netflix is planning a giant stock buyback to, uh, juice their leadership bonuses and send love to creators? consumers? nope, shareholders. Last year they made $11b in profit, enough to give every employee an extra $600K and still have some leftover. yourfairshare.info/netflix #netflix

On average, Amazon employees made $49K in profit more than they were paid yourfairshare.info/amazon, Walmart $10K yourfairshare.info/walmart, Starbucks $5K yourfairshare.info/starbucks

The economy has grown the past 44 years but from that growth workers got less and shareholders got more. Here data showing both trends on the same scale. yourfairshare.info/dataviz_wageshare

This interview is a really great discussion of the cutting edge of wealth taxes in CA and MA.

Stock buybacks use profits from workers to enrich shareholders -- and inflate stock prices the ultra-wealthy borrow against tax-free, no income tax required. (via @nytimes.com) Apple: $89B in buybacks. yourfairshare.info/apple Meta: $30.1B. yourfairshare.info/meta

This Tax Day, don't forget this: Donald Trump went out of his way to shut down the IRS' FREE and EASY tax filing program. But I have a bill to bring it back for good. Let's get it done.

While building a profit-per-employee tool I started looking at dividends and buybacks per employee. Some pay shareholders more than they earn in profit. The "resilient" stock market is on the backs of workers who have no control over the profits they worked for. @nytimes.com yourfairshare.info

TurboTax and H&R Block spent $7 million lobbying the Trump administration to kill Direct File. Both companies donated to Trump's 2024 campaign and inauguration committees.

DOGE turbocharged the deficit. budgetlab.yale.edu/research/wea...

Another way to put it is... if you don't use AI platforms because you have a moral objection to them, but you publish your words on Substack, you haven't really thought about this stuff.

"I know that with the help of everyone in this room we can win a first contract at Starbucks." @sbworkersunited.org member Mina Leon. Support workers like Mina > unionnow.org #UnionNow

The Trump family has earned about $1 billion from their arrangement with World Liberty Financial. The addition of millions of new users from Pakistan would provide World Liberty with more activity on the platform and more stability—and the Trumps with more cash flow as tokens are bought and sold.

Trump asked oil and gas executives in 2024 to raise $1 billion for his campaign and told them he’d grant their policy wish list if he won. @brennancenter.org www.brennancenter.org/our-work/ana...

We don't condone arson. But it has to be said. Kimberly-Clark made $2.55B profit last year, $67K per employee. They gave $1.8B to shareholders. A $10K-$20K raise for every worker, with plenty left over. The worker who burned it down made $18/hour. yourfairshare.info/company/kimberly-clark

Ford is warning tariffs will cost $1.5B, calling it "the most significant challenge facing our industry in decades." Last year: $5.9B in profit. $3.4B paid to shareholders in buybacks and dividends. 169,000 workers. The money exists. yourfairshare.info/company/ford #tariffs #ford

Walmart is warning tariffs will force price hikes. Last year: $21.9B in profit. $15.6B paid out to shareholders. 2.1 million workers earning a median of ~$17/hr. The money to absorb costs exists. The question is who it goes to. yourfairshare.info/company/walmart #tariffs #walmart

The $117 billion tax break Trump handed the 1% is more than federal spending on: -The Agriculture Department at $89.2 billion -The Education Department at $46.9 billion -The Labor Department at $22.7 billion -The Energy Department at $20 billion The rich are getting richer by robbing us.

Effective 2025 federal tax rates paid by these corporations: Alphabet: 8.01% AT&T: 4.6% Meta: 3.57% General Motors: 3.09% Amazon: 1.37% Exxon Mobil: 1.31% Disney: -1.57% CVS Health: -3.88% Income tax rate paid by the typical American: 14.5% This is what a rigged system looks like.

Oracle reported profits up 80%. CEO got $412M richer in a single day when the stock jumped. Last year they paid $6.2B to shareholders. They made enough to easily give everyone $30K raises, instead they laid off 30K workers. yourfairshare.info/company/oracle #labor #layoffs #oracle

Interesting story, this is the kind of thing we are interested in! #labor #wages

Don't forget the part where we also handed a huge victory to a murderous geopolitical opponent of the United States by jacking up the price of oil and simultaneously depreciating the stocks of the exact type of defensive weapons our true ally needs to survive.

hot take: i think the move in the direction of a more explicitly extortion based international order is bad actually. I also do not especially relish the idea of re-boning up on mercantilism

Trump threatened to start a nuclear war and some liberals took to BlueSky to angrily critique a post about a movie — IT’S SO PERFECT 😂

UnitedHealth made $12.1B last year. They paid $13.5B to shareholders. More than they made. The profit they're extracting from patients isn't going to better care. It's going to c-suite salaries and stock price. yourfairshare.info #unitedhealth #healthcare #labor

Apple spent $97.8B on stock buybacks last year. More than the GDP of most countries. 166,000 employees. $674,759 in profit per worker. That money could have gone to the people who made it possible. yourfairshare.info #apple #labor #economy #workers

CVS made $1.77B last year. They paid $3.56B to shareholders. When a company pays out twice its profit, where does the extra money come from? 300,000 employees. yourfairshare.info #labor #economy #workers