Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
view the rest of the comments
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.
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...
"Fun" fact, Facebook isn't a good example here because Zuckerberg has his shares structured so he has full control.
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.