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morrbo | 2 years ago

I simply don't trust publicly traded companies these days. I genuinely can't think of an example where a private company in the tech space has become better since going public. I don't like to MBA bash, but it large tech companies genuinely seem filled with people who don't even like tech (let alone love it) and are just happy to squeeze everything and everyone at any opportunity. I'm genuinely concerned and waiting for the enshittification of the next round of companies - people like cloudflare - then I guess I'll just give up on anything mainstream and remain an indy Dev doing indy things for fun

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blastro|2 years ago

I got a new pair of lululemon pants this week and they're terrible quality compared to year's past. I remember their CEO saying they were trying to double their stock price this year. Know I know how.

hn_throwaway_99|2 years ago

I definitely agree with this sentiment. And it's not just publicly traded companies - I like the saying "private equity kills everything it touches" because whenever PE buys a a company I have never seen it turn to anything but a shit pile eventually.

At some point with all companies the finance people take over. But well-loved products and companies are never created by finance people - they're created by people with a passion for something.