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submitted 7 months ago by dvdnet62@feddit.nl to c/technology@lemmy.ml
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[-] jasep@lemmy.world 126 points 7 months ago

Because when you have shareholders, there's no such thing as "we're profitable enough". Shareholders always demand more. Ads means more profit, at least in the short term. Next quarter profits are all that matter to public companies.

It's obscene, but it's the way it is.

[-] amju_wolf@pawb.social 30 points 7 months ago

It's not just that they demand more, they demand more/faster growth all the time. It doesn't matter that the economy has slowed down to borderline recession, it doesn't matter that they pretty much captured all the market they can, they still need to make more and more money every quarter otherwise they're considered a failure even if they are one of the biggest companies in the world.

this post was submitted on 13 Apr 2024
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