this post was submitted on 20 Jun 2024
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Technology

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[–] xenomor@lemmy.world 17 points 5 months ago (2 children)

This seems to happen every time a technology company grows beyond some threshold of size/market share/revenue. I can’t think of a single exception.

[–] bcnelson@lemmy.world 8 points 5 months ago (1 children)

Valve has done a pretty good job. Probably because of their ownership model

[–] TheFeatureCreature@lemmy.world 10 points 5 months ago

Valve is still a private company. If they ever made an IPO then they would be screwed.

[–] SexualPolytope@lemmy.sdf.org 6 points 5 months ago* (last edited 5 months ago) (1 children)

The stock market literally forces companies to be evil. Once you do an IPO, you're contractually obliged to be shitty in order to bring higher revenues.

[–] Crow@mander.xyz 1 points 5 months ago

Not just the stock market but i’m pretty sure it’s a legal precedent that companies must prioritize shareholders over anyone else.