this post was submitted on 25 Apr 2025
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Because there is legal precedent that says shareholders come first.
You can blame Dodge for this. Yes, that Dodge.
Oh, look, the reason Dodge reliability is garbage.
Real shocker, right? 😂
So to ensure that a company is more likely to be customer focused, rather than shareholder focused, it's likely a good idea to only go for companies not listed on the american stock exchanges?
Yup. Same goes for being employed - if they're publicly traded they'll almost certainly treat their staff like absolute garbage.
I mean, that's my take. Also why you hear a lot of moaning and groaning from enthusiasts when a company who makes well-loved products decides to go public. Enshittification always occurs.
Too bad, that long-term users still kind of decide the fate of the company (as shareholders at some point realize that their share probably is not worth it).
I'm really keen to see when this happens to Tesla, I'm thinking about shorting the stock, it's so vastly overvalued, and there's strong competition and sales are crashing everywhere (because of too much Nazi)
Yeah, that's really the kicker, isn't it? Legally beholden to the shareholders who demand short term profits forever and ever, risking the loss of long-term customers.
It's a guaranteed death.