this post was submitted on 13 Jun 2024
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Google is operating at a 24% net profit margin. They don't need to get their shareholders more money...
Do you actually understand how this works? It’s a beautiful statement and oh so noble, but it just flies against how the world really works.
At some point, maybe not today, but at some point, you’re going to be saving up for your retirement. Your money will be invested; either passively or actively. If active, a fund manager (or maybe even yourself) will be spending time, every single day, wondering how to maximise the invested cash. If passive, you’re letting a WHOLE lot of fund managers make the decisions for you (wisdom of the crowd). Either way, Google better fucking perform or the investors will go elsewhere.
And you’ll be an investor too, asking for Google to do better than anyone else or you’ll take your savings elsewhere.
One thing I genuinely don't get: why does a company making this much money need "investors"? (Other than participating in the make-rich-people-richer scheme)
Once you’ve gone public, unless some entity could do an offer to take you private, you have investors (aka owners).
To take Google private would be in the region of 2.5 trillion dollars. Even the Norwegian oil fund would struggle to do that.