this post was submitted on 12 Oct 2024
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[–] [email protected] 21 points 2 months ago (3 children)

My guess is because of shareholder pressure

Of course, the lesson to be learned that no company ever learns: Don't go public. Don't ever go public!

[–] thesporkeffect 16 points 2 months ago

The people who decide to go public are looking to cash out, and the future survival of the company is not a factor in the decision. The lesson is not learned because it's the corporate equivalent of starting a heroin addiction on purpose

[–] EncryptKeeper 4 points 2 months ago* (last edited 2 months ago)

With the rise of private equity, you don’t even have to go public to sell out anymore. So many companies in operation today are empty shells puppeted by private equity firms who buy any company in any industry just to squeeze every last bit of profit out of them before throwing them away.

Just look at the veterinary industry and the mass disappearance of vet practices owned by the doctors who work there.

[–] [email protected] 1 points 2 months ago

But what if I don't care about the company, our products, our customers, or any of my (soon-to-be former) co-workers, and just want a pile of money right now for selling all that out?