Shareholders can be batshitcrazy too. X/Twitter has been in decline for a while. It’s true they could be leeching money from the he far right but I highly doubt so.
Yeah, private companies at least have the opportunity to forego greed to ensure a better product.
Heck, even some public companies are able to do it if they can prove to shareholders going the greedy route is a bad business decision (an investor floated the idea around Nintendo that they should charge money to make Mario jump higher.)
Shareholders can be batshitcrazy too. X/Twitter has been in decline for a while. It’s true they could be leeching money from the he far right but I highly doubt so.
Elon took Twitter private, there aren’t any shareholders to answer to anymore.
As for reddit, they’ve been trying to go public for awhile now but afaik they have not succeeded yet, so also no shareholders.
He is not the sole owner, he took it private with other people .
Yeah, private companies at least have the opportunity to forego greed to ensure a better product.
Heck, even some public companies are able to do it if they can prove to shareholders going the greedy route is a bad business decision (an investor floated the idea around Nintendo that they should charge money to make Mario jump higher.)
This, however, is not one of those companies.