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> It’s impossible to both provide the best search results and try to optimize for the highest amount of ad-clicks. And if you’re a public company with an ad-bas
by justusthane 3y ago
> It’s impossible to both provide the best search results and try to optimize for the highest amount of ad-clicks. And if you’re a public company with an ad-based business model, you are legally required to optimize for the latter.
The enduring (and incorrect) myth of how fiduciary responsibility works.
- konaraddi 3y agoCould you elaborate?
- Semaphor 3y agoSee the other chain: https://news.ycombinator.com/item?id=37852567 https://news.ycombinator.com/item?id=37852567
- justusthane 3y agoShort term value isn’t the only thing that matters. As CEO, you could say, “Increasing ad-revenue at the expense of everything else will increase profits, but I believe it would be bad for the long term health of the company.” The shareholders might not like it, and the board might fire you, but if you’ve acted in good faith you haven’t violated fiduciary responsibility.