this post was submitted on 12 Mar 2024
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Reddit: Return Of The Junk Stock IPO (www.forbes.com)
submitted 3 months ago by KingThrillgore@lemmy.ml to c/technology@lemmy.world
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[–] Kinglink@lemmy.world 5 points 3 months ago

This is the result of shareholders. Capitalism doesn't have to turn into this and people can have small businesses that are comfortable and don't grow. But when you get investment involve the question is always "how do you 'grow this business' so I can get a ROI".

There's a few cases where that's not the case, but the majority of the mindset of the modern business world is fast returns, rather than sustainable growth.