this post was submitted on 14 May 2025
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So they're using their spectacular failure as a chance to exploit their new 'employees' via the gig economy.
Fuck them. They have learned nothing about respect or decency, and I hope they continue to crash and burn.
To the ruling class this was always the true lucrative appeal of A.I. and is precisely why they were willing to make such massive bets on a fundamentally broken technology.
The cherry on top is tech work used to be a threat to big businesses, especially big tech companies, because society considered tech work to be a respectable job. Big businesses/oligarchs saw this as an obstacle to destroying tech work as a decent paying career and A.I. was the perfect tool of propaganda to remove the obstacle because even most tech workers bought the lies hook line and sinker.
I stopped reading at Financial Tech startup. From that alone I know what kind of people we're dealing with here.
Something about FinTech…it just attracts the worst possible people.
Because they're people that produce nothing but still think they should be rich.
Klarna? The usury company? The “preys on kids who failed the Algebra 2 test on interest” company?
a classic parasite behavior
Klarna sucks balls. “We’re your friend! We help you buy things!*”
*APR 69%; yearly fee: Left limb. Firstborn children no longer accepted.
Oh my. I never experienced that high of an APR.
Payday loans in the states are horrifying. It got so bad that the US government stepped in to limit the interest rates they could charge military members.
Certain tribes are exploiting regulatory loopholes and charging 600%.
But not Klarna? Right? Thats what I meant. I know about payday loans. But I didn’t know if Klarna had that high of APR.
And how many of these Uberserfs will be located in developed countries making good salaries? None, you say?
Probably depends on the language in the target market, a lot of European languages are not that common in countries with cheap labor.
Loans for consumer products should be outlawed. Nothing good ever comes out of them.
I hope whoever's running that company gets cancer and dies.