Publicly traded companies blow my mind a little bit.
It’s not enough to make steady, consistent profits. Give out reliable quarterly dividends and make it so your investors make their money back plus a little extra over time. Free money is not enough for the ownership class.
Growth isn’t enough either. Buying something for X and selling it for 1.1X so you make money even without a dividend isn’t enough for the investor class.
You have to grow infinitely. You have to grow faster than everyone else. You have to beat the projections. Make your product smaller and shittier & sell it for the same price. Lay off 10% of your workforce after record profits to cut costs. Force ads and subscriptions and data mining into every possible space. Undercut your smaller competitors until they fold, then jack up your prices. Break the law, fuck over your workers, buy out politicians, move your production lines to countries with no labor laws.
Being publicly traded actively rewards evil and anti-human behavior.
Publicly traded companies blow my mind a little bit.
It’s not enough to make steady, consistent profits. Give out reliable quarterly dividends and make it so your investors make their money back plus a little extra over time. Free money is not enough for the ownership class.
Growth isn’t enough either. Buying something for X and selling it for 1.1X so you make money even without a dividend isn’t enough for the investor class.
You have to grow infinitely. You have to grow faster than everyone else. You have to beat the projections. Make your product smaller and shittier & sell it for the same price. Lay off 10% of your workforce after record profits to cut costs. Force ads and subscriptions and data mining into every possible space. Undercut your smaller competitors until they fold, then jack up your prices. Break the law, fuck over your workers, buy out politicians, move your production lines to countries with no labor laws.
Being publicly traded actively rewards evil and anti-human behavior.