this post was submitted on 14 Jul 2023
100 points (100.0% liked)
Technology
37702 readers
353 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I was speculating that maybe they are going to drive the stock price into the ground and the magically "fix everything" to make it go back up, and make money on that...somehow. I'm not a stocks person so I don't know.
This isn't how corporations work. One, they don't have that kind of foresight. All most of them care about is the next quarter, and being more profitable than they were at the same time the previous year. Two, they're not going to purposefully tank their own stock, not for any reason. If "they" did (assuming you mean the C-suite folks who would be in charge of operations), they would be replaced by shareholders pretty quickly for not fulfilling their fiduciary duty.