2 ms·

I don't think Apple, or any other cmpany to be honest, tech or not, needs "evil Wall Street" to put profit above everything else or be incredibly greedy.

• kube-system 3y ago
  The demands of wall street are infamous for being the difference between sustainably profitable and demanding growth at the detriment of other guiding principles If you look at any lists of largest private companies, you’ll see many that are likely highly profitable but also very boring stay-in-their-lane type of businesses; businesses that know their cash cow and sticks to it. It’s Wall Street investment that tends to drives risky moves in pursuit of growth.
• dartos 3y ago
  You’re right about profit. Every company wants profit. Wall Street doesn’t care that much about profit. They care about growth. Any action that will raise the stock price, even at the cost of customers or profit, is a win in their book. After all, they’ll sell just before the party is over and make out like robber barons.
  • hef19898 3y ago
    So it was evil wall streetvthat pushed innocent tech companies to pursue quasi monopolies insted of simple greed? I don't buy that narrative.