this post was submitted on 09 Jun 2023
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For sure! Saddening that corps are heading this way of doing business.
There's no corpse without corps
Public trading is (financial) slavery, companies going public have no choice, they must please stakeholders first and foremost, and that's usually in hard contrast with making their customers/users happy.
I can understand the business side of it (I'm an employee of a publicly traded company) but I don't want to be part of Reddit becoming one, that's why I too joined here.
I understand the business side as well. Just hurts to see that they don't fight for users and negotiate with those stakeholder to understand.
Oh I agree it hurts, but stakeholders only understand money unfortunately, they don't even understand the business they're investing into most of the times, or they don't care as long as it brings money.