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They don't need to because the normies are profitable enough.
by wmf 2y ago
They don't need to because the normies are profitable enough.
- amatecha 2y agoCould have said that at one point about Twitter or Reddit.
- SV_BubbleTime 2y agoDo you not understand fiduciary responsibility? If they can charge and make more money they are effectively obligated to. They would need to sell their investors against the plan that everyone uses AND propose a plan that will make more money. Reddit went through this around their IPO.
- wmf 2y agoDo you not understand PBLLC? Also https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-value-myth/ https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-v...
- kortilla 2y agoThat’s not how fiduciary responsibility works. It’s very easy to say, “we’re not going to do X because we don’t think it’s a good long term investment due to brand destruction”. This happens all of the time. It’s a complete myth that they are responsible to force short term charges for short term revenue. What you’re confusing it with is shareholder pressure, which is orthogonal to duty. What Reddit went through was just kowtowing to large potential investors to increase IPO demand.
- glenstein 2y agoBlue Sky hasn't done an IPO.
- SV_BubbleTime 2y agoI have never seen a more obviously telegraphed plan.