Fediverse

Fearing enshittification is one reason I want to keep my company private. If I have to answer to stockholders, then I’m not answering to customers, and that’s shitty.

I get it. His most recent post talks about how enshittification isn't just limited to digital platforms, it's inevitable whenever monopolies are allowed to form.

Avoid private equity as well. PE is equally shitty.

I've noted over the past few years, how any company that invests in R&D rather than pays dividends is labelled as "loss making" by the press.

100%. I never wanna work for public company again. I left a huge one after constant thrashing of canceling projects and trips so the accountants could move money around for the quarterly earnings reports only to revive after. Went to a couple small private ones then yr ago employer went public. Been so downhill so fast. Company isn’t recognizable to the one I accepted offer from. I’m leaving when I find a private fit.

I would consult a lawyer, basically iirc you can add to the bylaws that you are not just about making money and then you are only obligated to share dividends if you keep the majority of the voting rights.