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A comment on Coinbase lays off around 1,100 employees. Parent comment

Re:Coinbase lays off around 1,100 employees by repomies69 on Tuesday June 14, 2022 @02:02PM (#31743394)
In the end I care about the stock going up, and now it finally seems to be doing that. The point of a company is to generate wealth for the owners and nothing else. Employees need to negotiate with the contracts according to that.
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Re:Coinbase lays off around 1,100 employees by SantalBlush on Tuesday June 14, 2022 @02:48PM (#31744116)
No, the point of a company is to provide a net value to society. This often (but not always) correlates with generating profits.
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Re:Coinbase lays off around 1,100 employees by x3n0ph3n3 on Tuesday June 14, 2022 @10:28PM (#31748455)
This comes up as excessively naive/idealistic and doesn't match up with the realities of the world.
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Re:Coinbase lays off around 1,100 employees by SantalBlush on Wednesday June 15, 2022 @05:15PM (#31759571)
The comment I replied to was making a normative statement, not a descriptive one. If we were talking about the realities of the world (which we weren't), then I would have agreed with you.
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