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Does enshitification happen because companies are publicly-traded? (beehaw.org)
submitted 4 months ago by hedge@beehaw.org to c/technology@beehaw.org
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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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[-] northendtrooper@lemmy.ca 14 points 4 months ago

True but they dont have a knee to their neck from share holders to increase profits year over year.

[-] t3rmit3@beehaw.org 2 points 4 months ago

Private companies still have investors and board members they're accountable to.

[-] prex@aussie.zone 1 points 4 months ago

Cough: Blackstone KKR etc.

this post was submitted on 24 Apr 2024
153 points (99.4% liked)

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