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A comment on Google Announces 12K Layoffs: A difficult decision to set us up for the future. Parent comment

Re:Google Announces 12K Layoffs: A difficult decision to set... by melvinmelih on Friday January 20, 2023 @09:48AM (#34453850)
The purpose of a company is not to maximize profits because that would mean you have to pay taxes.

The holy goal instead, is to maximize shareholder value. A small, but important difference (and helps explain the existence of companies like Uber and Twitter who have barely turned a profit in the past decade).

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Re:Google Announces 12K Layoffs: A difficult decision to set... by justahuman74 on Friday January 20, 2023 @09:56AM (#34453937)
At some point there does have to be a cash-out, otherwise what would motivate the person at the end of the line to buy the shares that you're selling
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Re:Google Announces 12K Layoffs: A difficult decision to set... by iglio on Friday January 20, 2023 @10:27AM (#34454358)
The cash out is selling the shares and realising the capital gain?

For these types of business, there’s always someone next in line to buy, hoping for the same performance.

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