452
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 14 Nov 2023
452 points (96.7% liked)
World News
31469 readers
856 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 4 years ago
MODERATORS
Shareholders can be batshitcrazy too. X/Twitter has been in decline for a while. It's true they could be leeching money from the he far right but I highly doubt so.
Elon took Twitter private, there aren't any shareholders to answer to anymore.
As for reddit, they've been trying to go public for awhile now but afaik they have not succeeded yet, so also no shareholders.
Yeah, private companies at least have the opportunity to forego greed to ensure a better product.
Heck, even some public companies are able to do it if they can prove to shareholders going the greedy route is a bad business decision (an investor floated the idea around Nintendo that they should charge money to make Mario jump higher.)
This, however, is not one of those companies.
He is not the sole owner, he took it private with other people .