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Maybe later... how about never, you fucks?
(lemmy.ml)
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this post was submitted on 05 Aug 2023
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They are legally obliged to, lmao. After companies become public, they have to maximize profits, if not, shareholders can simply vote to fire whomever they want. Look at every company on earth. They all with the same road. from facebook, google, to soon-to-be-public reddit.
I don't know if this is oversimplified. Probably is. But this is my understanding of it too.
It's more than an individual greed problem. It's a systemic mandatory greed problem.
It think it became "mandatory" when we removed pensions from the equation and tied "everyones" retirement savings to The Market™©® so we need companies to be considerate of their stock price as it's often our retirement that depends on it.
Nothing like a loaded gun put to our future foreheads to make us go along with some more bullshit...
Well put
Yes, it is simplified. But basically this is what happens every time. The pattern is the same.
That is not true, since not annoying your users can mean a long time profitability
You are correct, but unfortunately, this is what happens in reality.
When? Give me examples
"Fun" fact, Facebook isn't a good example here because Zuckerberg has his shares structured so he has full control.