this post was submitted on 15 Apr 2024
662 points (98.7% liked)
Technology
59588 readers
4687 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They’re publicly traded, they have to. Thats not an excuse mind you, but if you ever like a service and they go public, just understand the end users are no longer the focus.
Being publicly traded does not force companies to become greedy, immoral scum... Stop spreading this piece of misinformation
https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits
PS: this goes hand in hand with the "you got to be an asshole to succeed"... You don't, the problem is that most people can't find anything else to imitate
It doesn’t force them legally, but it does effectively guide their behavior. There are a lot of things in this world we aren’t legally forced to do, but still have to do to participate in society. It’s not misinformation, it’s just the reality. It’s true that you don’t have to be an asshole to succeed, but it’s also true that you don’t have to go public to succeed either.
Not even.... If the entire point was to maximize profit for shareholders, we would see you he obscene compensation packages for C-suite execs or ridiculously luxurious perks for board members, etc
This has just been the excuse to do away with ethics and morals.... And repeating this is "the way it has to be" just makes it easier for them