this post was submitted on 06 Apr 2024
241 points (88.5% liked)

Technology

59534 readers
3197 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] kent_eh@lemmy.ca 4 points 7 months ago

Corporations have one goal: making money.

Right behind that is self preservation, which is in full service of continuing to make money.

That secondary goal is falling far, far behind in importance.

These days most shareholders will insist on a higher payout this quarter, even if it directly threatens the long term viability of the enterprise.

The shareholders are not in it for the long haul, they only want to get in, make a quick buck, and get out as fast as possible before the whole thing collapses.