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A comment on Meta employees grill Mark Zuckerberg at all-hands meeting following layoffs. Parent comment

Re:Meta employees grill Mark Zuckerberg at all-hands meeting... by WalterBright on Saturday March 18, 2023 @04:16AM (#35207235)
I haven't seen any evidence that Friedman advocated short term profits over long term results.
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Re:Meta employees grill Mark Zuckerberg at all-hands meeting... by cbzbc on Saturday March 18, 2023 @08:08AM (#35208393)
His view would be that if the stock price went up as a result of some action then that action would be the right one (its orthogonal to the point about short term profits).
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Re:Meta employees grill Mark Zuckerberg at all-hands meeting... by aaomidi on Saturday March 18, 2023 @11:47AM (#35210045)
Agreed, this is the definition of short term profits
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Re:Meta employees grill Mark Zuckerberg at all-hands meeting... by WalterBright on Saturday March 18, 2023 @03:47PM (#35212446)
> this is the definition of short term profits

That's not remotely true. Stock prices are based on long term fiscal results. If shareholders get a whiff of a company sacrificing long term results for short term profits, the share price tanks.

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