• principalkohoutek [none/use name]@hexbear.net
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    5 months ago

    While I’ve heard this repeated my whole life (“it’s called Black Friday because that’s when we’re finally in the black”), but I just have a really hard time accepting that the arch capitalists who run this country really operate the whole thing on a loss for 11 months and make all their profit in December? They rip us off every fucking day; there’s no way they start making real money in December.

    Or maybe because the fiscal year rolls in Sept or idk June, so they’re showing profit after 3-6 months, which is maybe feasible

    • BeanisBrain [he/him, they/them]@hexbear.net
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      5 months ago

      Yeah, that’s made up marketing speak. It was created so that people would associate the name with something positive. The term originally came from police who hated dealing with the accompanying crowds and traffic.

    • HamManBad [he/him]@hexbear.net
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      5 months ago

      When you’re rich, you can budget in terms of years. In fact, almost all “successful” businesses operate at a loss for five years or more before they are consistently profitable. The whole thing is held together with debt, family fortunes, and con jobs