Because there is legal precedent that says shareholders come first.
You can blame Dodge for this (yes, that Dodge).
rpl6475@lemmy.ml 2 weeks ago
Companies are so removed from what users want, they only focus on what shareholders want to hear and don’t consider that users will hate it.
lka1988@lemmy.dbzer0.com 2 weeks ago
fuck_u_spez_in_particular@lemmy.world 2 weeks ago
Too bad, that long-term users still kind of decide the fate of the company (as shareholders at some point realize that their share probably is not worth it).
I’m really keen to see when this happens to Tesla, I’m thinking about shorting the stock, it’s so vastly overvalued, and there’s strong competition and sales are crashing everywhere (because of too much Nazi)
lka1988@lemmy.dbzer0.com 2 weeks ago
Too bad, that long-term users still kind of decide the fate of the company (as shareholders at some point realize that their share probably is not worth it).
Yeah, that’s really the kicker, isn’t it? Legally beholden to the shareholders who demand short term profits forever and ever, risking the loss of long-term customers.
It’s a guaranteed death.
MrNobody@lemmy.dbzer0.com 2 weeks ago
So to ensure that a company is more likely to be customer focused, rather than shareholder focused, it’s likely a good idea to only go for companies not listed on the american stock exchanges?
lka1988@lemmy.dbzer0.com 2 weeks ago
I mean, that’s my take. Also why you hear a lot of moaning and groaning from enthusiasts when a company who makes well-loved products decides to go public. Enshittification always occurs.
Zacpod@lemmy.world 2 weeks ago
Yup. Same goes for being employed - if they’re publicly traded they’ll almost certainly treat their staff like absolute garbage.
zenpocalypse@lemm.ee 2 weeks ago
Oh, look, the reason Dodge reliability is garbage.
lka1988@lemmy.dbzer0.com 2 weeks ago
Real shocker, right? 😂
letzlo@feddit.nl 2 weeks ago
But then users use it anyway for some reason. Many people care so little.
Zetta@mander.xyz 2 weeks ago
Most people are unintelligent sacks of meat, not much critical thought about what they do runs through their minds.
you_are_it@lemmy.sdf.org 2 weeks ago
It is legislation’s work.
ReallyActuallyFrankenstein@lemmynsfw.com 2 weeks ago
Attention is invisible until you take the time to acknowledge it. People will never treat it as a resource of the same value as these companies, because they don’t even recognize it as something being taken away from them (despite that it is actually the most precious resource - our literal lives), and that disparity will always be profitable.