Comment on News outlets in crisis mode as Google-led AI search push crushes website traffic
Zetta@mander.xyz 2 weeks agoThis man only cares about increasing Alphabet stock prices to ensure as large a golden parachute as possible on the way out.
This Is literally his legal obligation, welcome to capitalism
there are many ways to fulfil this “obligation”… i’d argue that he’s increasing alphabet stock price in the short term but what the fuck is going to happen when the sources all go out of business?
… oh right they’re going to become a news monopoly… cool cool cool
shalafi@lemmy.world 2 weeks ago
No, making money is not a legal obligation. CEO at my last job told the board, two years in a row, that intended to lose money so we could invest in our people and tech. They cheered him.