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?

You are viewing a single thread.
View all comments View context
1 point

it’s both publicly-traded companies and VC-owned companies. any product that is required to constantly report their earnings and risk their company being dissolved if they don’t increase profits year-to-year.

permalink
report
parent
reply

Technology

!technology@beehaw.org

Create post

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

Community stats

  • 2.6K

    Monthly active users

  • 3.4K

    Posts

  • 82K

    Comments