News for hackers. Stuff that matters.

A comment on Joe Rogan Gets New Spotify Deal Worth Up to $250M. Parent comment

Re:Joe Rogan Gets New Spotify Deal Worth Up to $250M by gregwebs on Friday February 02, 2024 @05:57PM (#39235596)
That’s not the full story. Corporations have charters that include things other than a return for investors. Investors also don’t care about maximizing returns as long as expected targets can be hit.
[ Parent | on HN ]
Re:Joe Rogan Gets New Spotify Deal Worth Up to $250M by Voultapher on Saturday February 03, 2024 @03:40AM (#39238579)
Can you point me to substantial evidence that corporations side with their customers or employees when doing so is in conflict with their bottom line?

I can point to examples that validate my point.

1. Facebook: https://apnews.com/article/facebook-whistleblower-frances-ha...

2. Apple: https://www.ifixit.com/News/82493/we-are-retroactively-dropp...

3. Youtube: adding more and more advertisements to each video even after they became profitable

4. Purdue Pharma and Pharma in general: The opioid crisis in the US

5. Volkswagen: Dieselgate

I can list many more, but I think you see a pattern.

[ Parent | on HN ]