this post was submitted on 24 Apr 2024
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Isn't that a prerequisite for enshitification? Publicly-traded companies are required (by law, I think) to maximize profits for their shareholders, even if that means utterly ruining their original product (Reddit, Boeing, etc.), yes? What do you think?

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[–] davehtaylor@beehaw.org 17 points 6 months ago (1 children)

Meta, Google, Apple, Microsoft, Amazon all need to be broken up into a thousand different companies, same as we did with AT&T.

And unlike with AT&T, after divestiture there needs to be an order in place that perpetually prevents the divested companies from ever merging or buying each other up. At this point AT&T has almost completely re-formed from the companies it was broken into, and that should never have been allowed.

And for fucks sake we need to make the fine for white collar crime that extends state lines to necessitate the forfeiture of the entire C-suite’s and board of directors assets, both domestically and internationally, upon threat of seal team 6. Empty their bank accounts and leave them with nothing

Absolutely this. We need to abolish corporate personhood, and hold company leadership directly responsible for the company's behavior. Since it is the people who are doing these things. The "company" isn't some autonomous entity that has a will of its own. People drive it, and those people should be held accountable.

[–] masterofn001@lemmy.ca 2 points 6 months ago

Keep corporations as persons - restore public execution. If a man with the mind of a 10 year old can be executed, so can executives.