The end of a beautiful era - hats off for all the folks who made the pi what it is, the folks who will now be forced to make us sorrowful for what it will become.
this post was submitted on 11 Jun 2024
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Ew.
This hurts.
Whats events point of going public? Arent they making profit? Or what does it even do for then now?
Their goal shifts from making cool hardware to... money, make money at all costs to appease the shareholder devils.
In general the reasons could be, an opportunity to raise capital meaning they can ramp up production or produce a better product, and/or the current owners want to cash out.
Most of the time is for the owner to cash out. Either now, or in a short time when the ramp up is done, for more money.
More money.
That explains the Pi 5 pricing. They started the enshittification early.
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Public? Like, owned by a state? Isn't that good?
No, publicly traded. One of the first steps to enshittyfication.
Often a whole lot of steps are taken before actually going public.
No, public like owned by investors who bought stock and want profits.
Also state owned is only really useful for infrastructure, where it doesn't make sense to have multiple providers and monopolies are easily attainable. Like roads, rails, electricity, internet backbone infrastructure and providers, social media, etc. Democracy is the currently best way we know of managing monopolies.
For other stuff, you probably want employee owned democratic collectives. You would still have competition on the market, but its ordinary people that have the say. This would give more power to the people enthused about the tech and long term success, then all the short term gains.
Owned by everyone who wants to buy them. Yes, it is good.
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Goodnight, sweet prince.
Well, shit.
Oh shit I missed one of these again.
I'm glad they came out as what they already were.
It was clear that they did not feel as a non-profit foundation for many years now.
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Loved the Pi for hosting small services around the house. I've just replaced my Pi4 with a N100, 16GB, 512GB SSD mini pc which is so much faster, not to mention cheaper than a Pi5.
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