True, private companies are generally more focused in customer satisfaction, but that can suddenly change, for instance when the owner dies, and the new owners don’t share the same ideals.
Private companies have a certain single point of failure built-in by having a often just one or sometimes just a small number of owners.
Nobody really knows what will happen when Gabe dies.
Budd@lemmy.world 10 months ago
Fun fact, they used to be public but Gabe took it back private after realizing how shitty it was having to answer to shareholders.
speaker_hat@lemmy.one 10 months ago
That’s an interesting piece of info