796
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 14 May 2024
796 points (98.9% liked)
World News
31456 readers
1005 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 4 years ago
MODERATORS
It's because it's a prisoners dillema. If they do it and other companies don't, they are at a disadvantage. The only way to get proper behavior is to have the government force companies to behave.
Exactly... And ultimately they are beholden to shareholders. Which are largely in it for the stock price, not the dividends - they want numbers to go up, and they don't care if it crashes the company in a few years when they're no longer holding the bag
Money today is worth more than money tomorrow. With enough data and analysis, riding companies into the ground is the optimal way to make money