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by fieryscribe 2224 days ago
Wall Street punishes companies that are not profitable or are losing money. Consumers can make that happen by walking away when companies are anti-consumer. If they do, profits fall and Wall Street would hold that company accountable.

Why do you think Zoom hired security professionals and bought Keybase? Why do you think Facebook reacted after the Cambridge Analytica scandal? Why do you think TikTok separated itself from ByteDance in China?

Even with the most federal oversight, US banks and financial firms tanked the economy and then got paid for it. And it's not a left-right thing; it's a them-us thing. And if you don't believe that, you only need to take a look at the Panama Papers scandal.