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Yet the stock is doing better than ever.
by k8sToGo 5y ago
Yet the stock is doing better than ever.
- Aeolun 5y agoI’d invest in them too, but I’d never use them.
- mactavish88 5y agoAnd so am I.
- grishka 5y agoThe stock market ruins everything for the consumers. Here, I said it. Somehow, privately-owned companies tend to actually give a shit about things beyond revenues and other practically meaningless numbers.
- curryst 5y agoI don't think this is strictly true. There are 2 underlying factors: 1. Public companies have tons of disclosure requirements, which makes it far more likely that someone notices their misconduct. That's a really heavy bias in the data. 2. Private companies are typically smaller, so the range of ways to abuse customers is smaller. Nestle can buy out the water rights for entire regions; the median private company probably couldn't buy enough water to mess up a city.