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This explains the entire idea of how the late tech world is evolving. I've been thinking lately, how can we achieve good profit for stakeholders yet keep a high
by Xunjin 1y ago
This explains the entire idea of how the late tech world is evolving. I've been thinking lately, how can we achieve good profit for stakeholders yet keep a high-quality platform?
Can a company at its inception (and legally) limit their profit to stakeholders and the surplus be used in investing in it?
- rchaud 1y agoNetflix has been profitable for years without this bullshit. The question you should be asking is why they're spending untold billions churning out mountains of crap that maybe a handful of people watch, before canceling them anyway?
- M95D 1y agoA lot of people watch that crap. There's nothing else but crap to watch. Besides, for most countries, there's no alternative to Netflix. In the age of AI and Google translate, Disney doesn't bother having subtitles in the local language. Profitable is not enough. It needs to grow. In capitalism, growth is an imperative. Did you invest your savings? Do you expect growth? Well, there it is - the source of the imperative to grow. When the possible customers run out, the only way to grow is to enshittify.
- an0malous 1y agoBecause they're data driven and they've found a way to make content that's just good enough to retain subscribers for the lowest cost
- SketchySeaBeast 1y agoStay private, stay humble, and be willing to say you have enough. The problem is "good profit" is a constantly growing number.
- an0malous 1y agoIt’s not just the tech world, it’s every business. It’s basically the function of the private equity industry to enshittify every business.