What's more interesting is the long-term compensation of the people that are leaving. If we're talking rank-and-file salaried types, then it could be trying to avoid the short-term stigma (think HP post-Fiorina days.) If they stand to make reasonable $$$ in the near future from options, but are still jumping ship for better cash upfront (or in some cases even taking a slight loss) it's a pretty strong sign that the ship is already filling with water and going down, and the alarm bells haven't rung yet to get everyone else off.
Lossless is great for storage to preserve fidelity, but it's just overload for actual casting. You want the source of your transcode to be lossless, but the actual output can be 'good enough' for the use-case.
'Where are today's U2, Metallica, Pearl Jam and other great bands?'
Your 'kids these days' is showing, and that's before your stereotypically boomer/gen-x crack about The Chainsmokers. Metallica was one of the most commercialized acts of the end of the 90's, and U2 might as well be a Brand with a theme song. Both groups notoriously over-produced albums to appeal to consumer tastes to the point where Metallica was a joke in the hi-fi industry - remember the Death Magnetic mastering debacle?
We could talk about 'genuine artists' like, oh, I don't know, Frank Ocean, Kendrick Lamar, Reggie Watts, Trent Reznor, and even people like Gaga (and that's just the 'mainstream' ones...) but your entire rant reads like a typical 'old' complaining that stuff these days isn't as good as stuff back in the day. This isn't even worth getting into a discussion about the commercialization of art and conformity of taste, or the evolution of music post 1980 - your foundational argument is just too basic. Why don't you just crack out your Cassettes and Vinyl and slurp down your applesauce?
Having said that, HFT may provide you with the 'liquidity' to move trades personally, but the automation has the arbitrary consequence of grossly magnifying fuckups, and unless everyone cooperates and plays by the same rules, it creates the opportunity for Dark markets to flourish. As an Engineer, I the premise of HFT is great. But the sociologist in me is obliged to point out it creates an incredibly destructive opportunity within a Prisoner's dilemma.
"It's the best thing since professional golfers on 'ludes." -- Rick Obidiah