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A comment on Instagram Is Facebook Now. Parent comment

Re:Instagram Is Facebook Now by evandwight on Wednesday December 01, 2021 @11:31PM (#29412587)
Some owners of private companies don't see the goal of the company as profit maximization - eg SpaceX.

With a public company there's always going to be a shareholder to sue you for not maximizing profit.

https://www.litigationandtrial.com/2010/09/articles/series/s...

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Re:Instagram Is Facebook Now by justahuman74 on Wednesday December 01, 2021 @11:46PM (#29412658)
SpaceX is somewhat expected to produce profit at some point, else it would have been registered as a non-profit
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Re:Instagram Is Facebook Now by evandwight on Wednesday December 01, 2021 @11:49PM (#29412673)
SpaceX definitely wants to make a profit. I don't think building a city on Mars is profit maximization though and this is Elon's explicit reason for not taking SpaceX public.

> According to the company, the short-term demands of shareholders conflict with his long-term ambitions.

https://www.investopedia.com/articles/markets/121515/will-el...

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