4 ms·
Growth has to come from somewhere and everyone already has an iPhone. Expecting large public companies to act in anyone’s interests but their own is naive.
by cageface 4y ago
Growth has to come from somewhere and everyone already has an iPhone. Expecting large public companies to act in anyone’s interests but their own is naive.
- sebastien_b 4y agoThat’s the problem with public companies - by definition they cannot do what’s best for their users, as that will eventually conflict with their duty to their real customers: their shareholders.
- andsoitis 4y agoIf you’re American and have a 401(k), you’re a shareholder too.
- sergiomattei 4y ago“Can’t criticize capitalism if you’re holding an iPhone”
- andsoitis 4y agoI know what you're saying, but I'm not trying to say you can't be critical of a system you benefit form / participate in. What I am implying is that, as shareholders, either directly or via proxy like a pension fund, we demand high profits. So we're trying to have our cake and eat it too.