Projections weren’t met so we cannibalize our own company by laying off our employees (yk the ones that make the stuff that makes profit) in order to meet projections, then next year/quarter they make even greater projections with less workers 😂 and thus the cycle keeps going. This is what happens when shareholders run the company.
In my eyes, whenever a company goes public (selling shares in the market) it is implicitly announcing its death. That is the precise moment that a company should get nationalized.
Especially as a lot of these publicly traded companies aren’t video game specific companies but rather media/software conglomerates (Microsoft, Warner Bros). The C-suite and board members don’t really understand the video game market, they just see money printer.
People at the very top are unfamiliar with how any company works. In that I mean they don’t understand how to make or perform a service for a customer. They only know how to manipulate capital to their benefit and at no point does it matter what the company theoretically does at all. Make wigets or polish shoes or serve burgers, none of that matters, only their valuation and quarterly earnings report matters.
Projections weren’t met so we cannibalize our own company by laying off our employees (yk the ones that make the stuff that makes profit) in order to meet projections, then next year/quarter they make even greater projections with less workers 😂 and thus the cycle keeps going. This is what happens when shareholders run the company.
In my eyes, whenever a company goes public (selling shares in the market) it is implicitly announcing its death. That is the precise moment that a company should get nationalized.
Especially as a lot of these publicly traded companies aren’t video game specific companies but rather media/software conglomerates (Microsoft, Warner Bros). The C-suite and board members don’t really understand the video game market, they just see money printer.
People at the very top are unfamiliar with how any company works. In that I mean they don’t understand how to make or perform a service for a customer. They only know how to manipulate capital to their benefit and at no point does it matter what the company theoretically does at all. Make wigets or polish shoes or serve burgers, none of that matters, only their valuation and quarterly earnings report matters.