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by jessriedel 4815 days ago
It's not a matter of altruism, it's a matter of reputation. I reasonably guessed that Mendeley would not try to screw scientists in the short run in order to preserve their reputation in the long run, all to benefit their own profit. However, Elsevier (1) does not have much of a good reputation to risk and (2) can also coordinate with its publishing arm to further multiply the benefit of screwing scientists than Mendeley could alone. It might have been possible for me to predict this business move, but that's a very complicated calculation. I'm not unreasonable for failing to have done so. You can argue that it would have been more prudent to never trust any company that might be sold, but then you'd be criticizing my risk calculation and not my confusion about altruism.

Likewise, I could be surprised that a fancy restaurant replaced all their silverware with disposable plastic. It would maximize their profits that night, but destroy their reputation and hence long-term profits.