this post was submitted on 11 Jul 2024
484 points (99.2% liked)
Technology
60085 readers
3114 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 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The older I get, the more I question the value of public companies vs the damage they do. As soon as you've got shareholders at large to please, you're incentivized to keep your share price going up above all else, especially in the short term. Global stock markets seemed like a great idea at the time, but I feel they're doing more damage than good at this end of capitalism.
A company going public is always a bad sign to me. Whenever I see it, I instantly distrust what that company might be doing next. Clearly it's bad if my gut reaction is to distrust.