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A comment on Robinhood lays off 23% of staff. Parent comment

Re:Robinhood lays off 23% of staff by hosh on Tuesday August 02, 2022 @09:01PM (#32326408)
That speaks to another point though -- the incentive to return shareholder value, often times to the detriment to the company, the employees, the customers, and sometimes to public safety.
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Re:Robinhood lays off 23% of staff by just_boost_it on Tuesday August 02, 2022 @09:47PM (#32326692)
Well, the shareholders provided the money that allows any of it to exist at all. If there's was nothing flowing back, there'd be nothing for institutional investors. IPOs would be worthless which means there'd be no exit for VCs. Everyone would love to just get money with no obligation to give anything back, but that's not the way the world works.
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Re:Robinhood lays off 23% of staff by hosh on Wednesday August 03, 2022 @12:49AM (#32327774)
The idea that companies should maximize return on shareholder value has only been around since around the late 70s. It wasn’t always like that.
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