You didn’t want to be profitable. Your want to be rich
Comment on Gaming handheld prices are out of control, except for the Steam Deck
BackgrndNoize@lemmy.world 22 hours agoI honestly don’t understand why most companies aren’t private instead of public. Like which founder looks forward to answering to investors when they could just be answerable to themselves and their employees and maybe board, like are they looking for a massive exit payout by going public or to raise funds to become a bigger company, but I argue if you are making enough to be profitable why chase being bigger
tja@sh.itjust.works 18 hours ago
sp3ctr4l@lemmy.dbzer0.com 14 hours ago
Because public companies get a huge infusion of cash from their IPO.
This makes them a much bigger fish in the pond.
Big fish eats the little fish.
Grow or die.
The kind of core problem with a market based economy is that markets almost always tend toward consolidation over time… and you have to have a well maintained set of regulators and laws to keep up with industries to keep this in check.
But those corps tend to have so much money and influence that they just buy the government via outright bribes/corruption and PR campaigns to dupe the masses into supporting politicians and policies that will be corpo friendly.
In short… most companies actually are private. 9/10 new business fail in a year or two, largely because they cant compete in a world dominated by a small number of very well known, very big fish.