Re:Big Tech to EU: "Drop Dead"
by bee_rider on Sunday May 19, 2024 @12:00PM
(#40407770)
They don’t have any responsibility to optimize the short term stock price. They could decide that long term the changes required to stay in the EU were too onerous on their business and pull out. I think they’d be wrong, but they could do it.
[ Parent
| on HN ]
Modern power structures, especially for a publicly-traded company, incentivize short-term profit over long-term viability.
That is because they have a responsibility to the current shareholders, not the future ones