God damn it. It was nice while it lasted
Raspberry Pi is now a public company
Submitted 11 months ago by chloyster@beehaw.org to technology@beehaw.org
Comments
belated_frog_pants@beehaw.org 11 months ago
CreativeTensors@beehaw.org 11 months ago
INB4 trust fund babies and gormless capitalists go and ream every last fucking cent from the brand destroying it in the process before moving on to the next thing.
Mac@mander.xyz 11 months ago
as is tradition
Rozauhtuno@lemmy.blahaj.zone 11 months ago
The enshittification begins.
prex@aussie.zone 11 months ago
mspencer712@programming.dev 11 months ago
How much stock ownership remains with the nonprofit Raspberry Pi Foundation? And will that be enough to hold off shareholder complaints that they aren’t being evil enough?
Midnitte@beehaw.org 11 months ago
I assume OpenAI sort of demonstrates the fragility of that arrangement…
ryannathans@aussie.zone 11 months ago
No, being a public compony the CEO is legally obligated to chase profits
wurosh@lemmy.ml 11 months ago
No, shareholder interest, which - in the absence of the clear desire of the majority shareholder(s) - is assumed to be profit. So I think the question above is quite important actually
megopie@beehaw.org 11 months ago
This is a common misconception based on an argument put forward my Milton Friedman. It’s based on legal cases where CEOs were taken to court for knowingly defrauding shareholders for their own personal gain (say, selling all of a companies assets of the company to a different company the ceo owns privately for a single dollar).
Friedman argued that these cases set precedent that meant all CEO were legally obligated to maximize shareholder value and could be held legally accountable for not doing so. Friedman was wrong about this, like many other things he said, as he was not a lawyer, nor a particularly good economist. No CEO has even been successfully sued for “failing to maximize shareholder value” despite some people taking Friedman’s work to heart and trying to do so.
palitu@aussie.zone 11 months ago
The article said that they are the major shareholder.
some_guy@lemmy.sdf.org 11 months ago
I hope this isn’t the prelude to a decline. I just ordered my third Pi over the weekend. It should arrive today. I’d hate to see the platform squandered by “make number go up” types.
demesisx@infosec.pub 11 months ago
They’ve been declining for years. It’s time the community ditched them for RISC-V machines.
sleepybisexual@beehaw.org 11 months ago
Hope that happens, maybe my riscv potato might get some use
perishthethought@lemm.ee 11 months ago
I’m not familiar. Any recommendations?
sleepybisexual@beehaw.org 11 months ago
For fucks sake.
I just wanted a cm4
:neocat_cry:
RobotToaster@mander.xyz 11 months ago
I’m surprised it lasted this long. It was always kinda just a marketing gimmick for broadcom that got out of hand.
caseyweederman@lemmy.ca 11 months ago
Huh! I didn’t realize that. It was a cool product.
drjkl@programming.dev 11 months ago
Shit
originalucifer@moist.catsweat.com 11 months ago
is this the 'jumped the shark' moment for companies? as soon as they go 'public' you can no longer assume their product is their priority.
VinesNFluff@pawb.social 11 months ago
Yes
You can expect them to drop at maybe one more good product, as going public is what companies do when they want to raise a lot of funds for some project
But after THAT, when it turns out that the new product is just… Making money instead of making ALL the money, the investors will take over and from then on it’s fucked.
But yeah RPi has alternatives now. No need to tie yourself to them when they DO sink.
some_guy@lemmy.sdf.org 11 months ago
I ordered a BananaPi board years ago but then life took me places where I didn’t have time or energy to follow up. I’ve recently rejoined the hobbyist homelab market, so I’ve quite interested. I’d read that drivers could be an issue with non-Pi boards but haven’t ever found out. Which boards / companies are recommendation-worthy at the moment?
Asking twice because two people had similar replies and I’m looking for feedback, not because I want to spam the thread.
Kichae@lemmy.ca 11 months ago
Ad soon as they go public, their product is their share price. And even before then, since most growing private companies seek out private investment long before going public.
Aggravationstation@feddit.uk 11 months ago
Exactly. I’m not worried though. There are so many alternatives these days.
RootBeerGuy@discuss.tchncs.de 11 months ago
Would be really nice to name them when posting such a comment…
some_guy@lemmy.sdf.org 11 months ago
I ordered a BananaPi board years ago but then life took me places where I didn’t have time or energy to follow up. I’ve recently rejoined the hobbyist homelab market, so I’ve quite interested. I’d read that drivers could be an issue with non-Pi boards but haven’t ever found out. Which boards / companies are recommendation-worthy at the moment?
Asking twice because two people had similar replies and I’m looking for feedback, not because I want to spam the thread.
PersonalDevKit@aussie.zone 11 months ago
Legally the product is no longer their priority, maximising shareholder profits is their priority.
Not many companies manage to not get twisted to a worse product for the customers, though their ads get really good
originalucifer@moist.catsweat.com 11 months ago
really sounds like the stock market is just human greed distilled and removed from all direct responsibility.
i cant understand how anyone can defend it. it is a cancer