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this post was submitted on 08 Sep 2023
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Technology
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Spoiler: it fits very few company's business models. Some companies can avoid it, if their owners/board want to. But once they take venture capital, or go public, they lose that choice. And that "don't be evil" promise, and most any other, is void.
once they go public, the only goal is MOAR MONEY! reddit will also fall into this trap when/if they go public.
Shareholders can actually sue a business for making ethical decisions that leave money on the table.
People can sue for anything, doesn't mean they'll win
You're right, because usually the deeper pockets win. It's likely the shareholders would just fire the executive and sue later, and then settle for whatever part of the golden parachute they want back.
I'm going to sue you for that!
Reddit already fell into the trap a while ago. They've started walking into a cave they found in a trap, and now it's so bad that we are here.