• mnemonicmonkeys@sh.itjust.works
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    3 days ago

    Privately owned firms tend to be really bad because they don’t have a feduciary duty to long term value.

    Neither do publicly traded companies. All they are required to do is make money for shareholders, and most of them push for short-term value

    • Kairos@lemmy.today
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      3 days ago

      The profits are taken away from the trading price, yes

      Although it still helps the long term price