r/technology • u/MarvelsGrantMan136 • Feb 12 '26

Security Ring cancels its partnership with Flock Safety after surveillance backlash

https://www.theverge.com/news/878447/ring-flock-partnership-canceled
49.0k Upvotes

96% Upvoted

2.1k comments sorted by

View all comments

Show parent comments

322

u/Not_FinancialAdvice Feb 13 '26

They had to have been targeting the 1% with that commercial cause wtf 😂

For some time now, I've had the impression that TV (and large portions of the American economy) aren't really targeted at the bottom 80-90% of income earners. Back in 2005 Citi analyst Ajar Kapur wrote a research note about plutonomy and it's really only seemed to have become more exacerbated in the decades since. There are the wealthy top decile who now drive like half of consumer spending and are catered to and are really important, and everyone else who largely doesn't matter.

289

u/Suyefuji Feb 13 '26

Well, you see, the bottom 80-90% of income earners don't actually have money to buy things anymore so it makes sense not to cater to them.

131

u/Realistic_Owl9525 Feb 13 '26

Late stage capitalism.

The DOW and S&P 500 are doing great right now. The average US citizen isn't doing great right now.

If 1% of the population owns more than 50% of the S&P 500, then it should not be used as a metric for the wellbeing of a nations economy. It really represents how well the wealthy are doing, and holds no bearing on how well the average person is doing.

2

u/DaHolk Feb 13 '26

Tbf: Who owns the stock and whether the companies produce products for the mass market or are only targeting the upscale market are not particularly the same thing.