* Eventually ownership will disperse from the core group of initial owners to investors in general * As a larger ownership moves towards investors, decisions a

* Eventually ownership will disperse from the core group of initial owners to investors in general * As a larger ownership moves towards investors, decisions are made that sacrifice the special sauce in order to increase returns. * Appeasing general investors leads towards enshittification. Sometimes a strong leader (Jobs, Cook) can keep the investor class as bay for a period. Sometimes leadership can be consolidated for long periods of time to delay the process (Walton, Zuck), but it feels inevitable after IPO.