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?
Because there is legal precedent that says shareholders come first.
You can blame Dodge for this (yes, that Dodge).
MrNobody@lemmy.dbzer0.com 3 weeks ago
lka1988@lemmy.dbzer0.com 3 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 3 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 3 weeks ago
Oh, look, the reason Dodge reliability is garbage.
lka1988@lemmy.dbzer0.com 3 weeks ago
Real shocker, right? 😂
fuck_u_spez_in_particular@lemmy.world 3 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 3 weeks ago
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.