> FB’s board has a legal obligation (fiduciary responsibility) to make money for shareholders. Capitalism may suck, but it’s the law. This is often repeated bu

> FB’s board has a legal obligation (fiduciary responsibility) to make money for shareholders. Capitalism may suck, but it’s the law. This is often repeated but is (generally) incorrect. There's a lot of writing out there about how this is bs, e.g. [0]. People certainly think and act like this is the case, so the end result is often the same, but this is not good-natured corporate governors being helpless before the law, it's profit-motivated people being ruthless. [0] https://evonomics.com/maximizing-shareholder-value-dumbest-idea/ https://evonomics.com/maximizing-shareholder-value-dumbest-i...