[fermienrico]

I think we are gonna see aversion from going public. Companies like Stripe and SpaceX are gonna stay private for a long time.

When SEC laws, shareholder interest, quarterly performance and stock volatility comes into play, corporations become this mindless soulless monster that will devour everything in its way and fuck consumers in every which way.

Democratization of funds from central authority to public creates disincentives and the shareholders don’t give a shit about many auxiliary things such as environmental concerns. Bottom line always matters.

It’s not just google but any public corporation. Can you imagine SpaceX being able to operate with the same passion with shareholder interests?

[texasbigdata]

It's not, I would argue, those things.

It is, potentially, the compensation plans. If you go to the proxy document and look at how comp plans are set, they usually hire a consultant, and "best practices" drivers are cash + big bonus based on typically some TSR (total shareholder return metric).

So for google, "don't be evil" is what's written down, but for the top execs "sell ads" is what gets they paid out before they retire. And those senior level "lifers" are what 40 now?

Don't really have proof to support these claims though.

[Shared404]

Not even sure "don't be evil" is still written down. [1]

[1] https://gizmodo.com/google-removes-nearly-all-mentions-of-do...