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Does enshitification happen because companies are publicly-traded? (beehaw.org)

submitted 4 months ago by [email protected] to c/[email protected]

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Isn't that a prerequisite for enshitification? Publicly-traded companies are required (by law, I think) to maximize profits for their shareholders, even if that means utterly ruining their original product (Reddit, Boeing, etc.), yes? What do you think?

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[–] [email protected] 3 points 4 months ago

No, plenty of private companies are profit driven