this post was submitted on 26 Sep 2024
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[–] meldrik@lemmy.wtf 2 points 1 day ago (3 children)

It’s a private company, so you could argue that the profits go towards the employees and the customers in the form of improvements. Not shareholders.

[–] jerkface@lemmy.ca 1 points 1 day ago

Now, now. What would Marx say about that?

[–] Kecessa@sh.itjust.works 1 points 1 day ago* (last edited 1 day ago) (1 children)

One employee is a multi billionaire, so no, it's not a cooperative where the profit is split fairly between employees or redistributed to the customers/members.

[–] MudMan@fedia.io 1 points 1 day ago

Well, that and the several billion dollars in Gaben's bank account.

Private companies are still corporations, guys.