4 ms·
People want to disagree, that's fine. But it's such a common pattern of behavior in less regulated environments. There are many variants, but the common one i
by blunte 5y ago
People want to disagree, that's fine.
But it's such a common pattern of behavior in less regulated environments. There are many variants, but the common one is this:
1. upstart innovator, filling a need; scrappy, hungry, motivated.
2. reaching the market, making waves, building a base. still same mood as #1.
3. "sudden wealth". ICO, big investment, buyout, f-u money, whatever. some people leave, some stay and lose their hunger, and some people ascend into management and play the long (money) game.
4. quarterly earnings per share concerns top all others; executives know their pay is based on board considerations and appearing to keep shareholders happy. innovation takes a deep sideline as short-term and protectionist approaches prevail.
5. other companies like this one when it was on steps 1-2 appear; threats are real, but board and shareholders are slow to catch on; company is large, and it has lobbyists. monopolistic behaviors are the easiest route to maintaining dominance. stamp out competition before it hits the public radar. keep the quarterly EPS on target. keep the bonuses.
6. predictably this cannot continue, and the company falters. it is embarrassed by a hungrier company. execs leave and upgrade their positions in other similar companies. sharholders "suffer" with stagnant share prices.
7. maybe. company pivots, reinvents itself actually or in appearance. cycle either starts anew-ish, or a publicity campaign convinces the public investors that it has (and new investment should arrive).
This is the state of American capitalist corporate behavior. Downvotes are fine; they simply indicate how ignorant (unfortunately) the latest generation of HN readers are. I'm near the point of not caring. The world can burn, the ignorant masses can be under the boot of corrupt people, and anyone remaining can die with far less than they hoped they would have.
I would like to help prevent that, but celebration of ignorance has become so great that there may be no recovery.