this post was submitted on 24 Nov 2023
696 points (98.6% liked)
Technology
72838 readers
2325 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the moral of every tech company. FFS, learn and keep the greeds out.
And then don't ever, ever go public. Once you go public all the greedy people will insist that you install more greedy people.
I think this is a big reason Valve did not go public
Yeah I'm not holding my breath. Hope Gabe isn't either because if he is, it only speeds up the process.
I think it’s less about going public and moreso about the people that have the ability to get to the head of that line via funds.
Why should Joe Shmoe who’s family fortune is based off mafia and cartel funds get to have say in your company? Just because of the money?
I don’t get it. I’m probably naive to facets of this process - open to hearing/learning more from more informed people
Good, healthy, properly running companies that don't owe their existence to a lot of external forces don't go public.
Going public only pays off the stakeholders in the company, like venture capitalists or employees that were under salaried and offered stock as a bonus.
Once you accept venture capital, you're pretty much down the path to going public, because the investors have an expectation of realizing their gains if the company is successful.
Clearly the problem here is unbridled capitalism, so why are you crying about tech companies specifically?? Nothing you highlighted has anything to do with tech but instead company culture in general
You're not wrong, but why not add onto it instead of being so aggressive. Tech companies do seem especially bad, but that's probably because I live in Seattle.
Yep. With respect to network effects, culture bifurcates and can do so quickly. Good eggs bring in good eggs, bad (and dangerously, mediocre) bring in bad.