this post was submitted on 17 Dec 2023
82 points (96.6% liked)

Hacker News

4123 readers
3 users here now

This community serves to share top posts on Hacker News with the wider fediverse.

Rules0. Keep it legal

  1. Keep it civil and SFW
  2. Keep it safe for members of marginalised groups

founded 1 year ago
MODERATORS
 

There is a discussion on Hacker News, but feel free to comment here as well.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 11 months ago* (last edited 11 months ago)

Its not baffling, it's the stock market.

Simple basic, and to the point.

If you're a publicly traded company, you're legally required to be fucking dogshit.

You have to meet quarterly expectations, and if you don't you have to fire people to meet the """needs""" of the shareholders.

Father of 3, 300K in debt: "But we're in the black! we're making bank!"

Wealthy Geriatric 110 year old corpse: "yes, but we didn't make enough bank, so you're fired."

This is a system of the utterly deranged.