• 10001110101@lemm.ee
    link
    fedilink
    English
    arrow-up
    20
    ·
    4 days ago

    They work for the shareholders, not the customers. For most publicly traded companies, the stock is completely detached from fundamentals, so they just do whatever the large investors like (often just hype the new hottest thing; such as marketplaces or “increasing efficiency” with layoffs), regardless if its good for the “real” business or not.

    • Pollo_Jack@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      3 days ago

      How boeing lost 11.9 Billion in one year, and then 11.8 billion a few years later. Is there anything people that have a lot of money can’t do? Yeah, stay in their fucking lane.