371
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 03 Aug 2024
371 points (97.7% liked)
Technology
58135 readers
6545 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Well run cost center departments don't boost quarterly results, ergo they are deprioritized.
They are looking out for themselves rather then the company, because of the incentives in place.
We are living in weird times where stock price doesn't really correspond with company health, so their actions reflect against that metric against all others.
I think it was a mindset shift. Right now short term stock value is more important because the shareholder profile also shifted from someone that holded the stock to someone who wants just to turn a quick profit.