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The real problem is that too many people has a preconceived notion that profit-driven corporations are economically rational. No, incentives to grow in size are
by elktown 3y ago
The real problem is that too many people has a preconceived notion that profit-driven corporations are economically rational. No, incentives to grow in size are everywhere from individual middle-manager careerism all the way to boost-numbers-to-look-good-for-wall-street exec careerism, like good luck having a juicy IPO on a 50 man crew.
- 0cf8612b2e1e 3y agoWhatsApp got $19 billion with 55 employees.
- elktown 3y agoand it was bought by Facebook, it didn't sell itself to the superficiality of Wall Street. Do you think it would've able to get there with 55 employees? I do not. Do you have an example of that?