this post was submitted on 23 Dec 2024
203 points (99.5% liked)

Late Stage Capitalism

370 readers
439 users here now

A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.

A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.

RULES:

1 Understand the left starts at anti-capitalism.

2 No Trolling

3 No capitalist apologia, anti-socialism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.

4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.

5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.

6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' etc.

founded 3 months ago
MODERATORS
 

UnitedHealth Group’s stock fell 5 percent on Friday alone, bringing its weekly loss to 10 percent. That wiped roughly $56 billion from the company’s market capitalization.

After-hours trading continued to dip, dropping 5 percent on Sunday after a video leaked UnitedHealth CEO Andrew Witty, Thompson’s boss, slamming industry critics on social media as “vitriolic” and “not in tune with reality.”

“We guard against the pressures that exist for unsafe care or unnecessary care,” Witty said in a private video to staff filmed in the wake of Thompson’s execution outside of a New York City hotel Wednesday.

The video, published by independent journalist Ken Klippenstein on Friday evening after markets closed, was met with backlash online. “Talk about misreading the situation,” one X user wrote.

UnitedHealth Group’s plunge follows similar trends in health insurance stocks.

Rival firm Elevance Health—the parent of Anthem Blue Cross Blue Shield—fell six percent by the end of the week.

top 17 comments
sorted by: hot top controversial new old
[–] horse_battery_staple@lemmy.world 6 points 21 hours ago* (last edited 21 hours ago)

The stock has been in free fall since November. The killing had little to do with this. People who hold stocks don't care and will short, or buy the dip and hedge with a smaller short.

Money has no ethos. The people affected by the denial of life saving care, often do not own stocks.

[–] Sunshine@lemmy.ca 4 points 1 day ago

Make them broke!

[–] NotMyOldRedditName@lemmy.world 12 points 2 days ago

“We guard against the pressures that exist for unsafe care or unnecessary care,”

wow, so out of touch.

[–] Sprocketfree@sh.itjust.works 10 points 2 days ago

Make it go to zero now

[–] kSPvhmTOlwvMd7Y7E@lemmy.world 18 points 2 days ago

We guard against the pressures that exist for unsafe care or unnecessary care

Who are you tho? A doctor? Lol

[–] Lexam@lemmy.world 12 points 2 days ago

Sad part is they will recover from this. And the people soulless enough to buy their stock during the dip will profit.

[–] PunnyName@lemmy.world 53 points 2 days ago (1 children)

Good. Let's hope it keeps going.

[–] surewhynotlem@lemmy.world -4 points 2 days ago
[–] hperrin@lemmy.ca 11 points 2 days ago

Won’t someone think of the shareholders!

[–] AshMan85@lemmy.world 26 points 2 days ago (1 children)
[–] surph_ninja@lemmy.world 18 points 2 days ago

Unless it’s destroyed, it’s not enough.

[–] SplashJackson@lemmy.ca 22 points 2 days ago

Andrew Witty can go fuck himself, eloquently

[–] Chee_Koala@lemmy.world 16 points 2 days ago

We guard against pressures [with the lowest approval rating and by far the highest cost on the planet, without any increased life expectancy to show for it]. Maybe he should say the quiet part out loud in his head, and check out this mythical 'reality' he speaks of another time.

[–] Mediocre_Bard@lemmy.world 16 points 2 days ago (1 children)

Good. Luigi should get Witty next.

[–] murmelade@lemmy.ml 1 points 21 hours ago

Would be hilarious if he's released on mistrial and immediately goes after Witty.

[–] Jackhammer_Joe@lemmy.world 12 points 2 days ago