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> It is still a popularity contest The point of the focus on bottom line profits is because it cannot be gamed like a popularity contest. Banks would never ad
by MichaelZuo 4y ago
> It is still a popularity contest
The point of the focus on bottom line profits is because it cannot be gamed like a popularity contest.
Banks would never add money, or subtract money, from a bank account just because of someone's fame or popularity, so they serve as the neutral arbiter.
It can of course be gamed in other ways such as prioritizing quaterly profits by neglecting longer term potential.