4 ms·
Sure, Google is worth more but they essentially reduced themselves to an ad business. They aren't focused on innovation as much as before. Shareholder value is
by bitcharmer 3y ago
Sure, Google is worth more but they essentially reduced themselves to an ad business. They aren't focused on innovation as much as before. Shareholder value is the new god.
- dpflan 3y agoAgreed that Friedman cursed the market with "shareholder theory", and it is a totally subversive and corrupting concept because whatever will increase value is accepted because it's the doctrine.
- glial 3y agoEconomic "theories" have an annoying way of being self-fulfilling.
- ripe 3y agoAn ad business is all Google ever was. But they made 20 billion in profits last quarter. Why mess with a good thing? Innovator’s Dilemma. Also, to be fair, OpenAI’s huge valuation is only a promise right now. Hopefully they will eventually turn profitable…
- codethatwerks 3y agoShareholder value is fine. Share seller value is what is targeted.