Well, ever since stock buybacks were re-legalized and other safe guards that once incentivized the health of the company, not only quarterly share holder value. Publicly traded company wasn’t always synonymous with strip mining value. Reagan was an accelerant on that decay for sure.
Comment on Gaming chat platform Discord in early talks with banks about public listing
RejZoR@lemmy.ml 1 month ago
Every time something goes public it turns into shit. Every single time.
ToadOfHypnosis@lemm.ee 1 month ago
iopq@lemmy.world 1 month ago
Stock buybacks are just more tax-efficient dividends. Both return value to the shareholders, but buybacks only realize the gains for the shareholders that want to sell some stock.
If they were illegal companies would issue more dividends
merc@sh.itjust.works 1 month ago
In the past this wasn’t true, but it’s definitely true for new tech products.
There are 2 reasons for that, IMO.
- Tech investors expect year after year, decade after decade of serious growth
- Tech these days is not something you buy, it’s rarely even something you rent, it’s often free and paid for by shoving ads at you
That means that they can’t just land on a good product and stick with it. They have to keep changing it to try to get more engagement, more use, more growth.
Kecessa@sh.itjust.works 1 month ago
But what is shit cannot turn into shit