Comment on Does enshitification happen because companies are publicly-traded?

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zephr_c@lemm.ee ⁨3⁩ ⁨weeks⁩ ago

Oh, also, it’s a common misconception that publicly-traded companies are required to maximize profits. They can have whatever goals their shareholders want. It’s just that the way modern publicly-traded companies work, most of their shareholders are people quickly buying and trading shares based on who they think will earn them the most money this month, so that sort of inevitably becomes the goal of any publicly-traded company.

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