this post was submitted on 30 Nov 2023
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Let's just hope for Gabe to live a long life still. Valve is a private company and not nearly as much in danger for enshittification as a public company would be.
Funny how we've just accepted that any publicly traded company has to become shit and take no action about it
Not to defend the shitty companies out there, but in a sense they have no choice. Once you're publicly traded shareholders expect infinite growth at ANY cost to the consumers or the employees of the company. Every single year they expect to see their return increase, even looking like a plateau for a short period is enough to make a huge chunk of the greedy bastards jump ship. IMO shareholders are the number one, most direct and largest cause of the enshitification of everything. Being publicly traded these days is a death sentence for a companies nature and good will.
And its our fault too. Its easy to see shareholders as rich fatcats telling the CEO to "Put MTX in it and make it slow and grindy!", but if any of us have IRAs or retirement accounts, we are the shareholders too. We want the nest egg we set aside to grow, and that leads to the same problem.