Isn’t that a prerequisite for enshitification? Publicly-traded companies are required (by law, I think) to maximize profits for their shareholders, even if that means utterly ruining their original product (Reddit, Boeing, etc.), yes? What do you think?
it’s both publicly-traded companies and VC-owned companies. any product that is required to constantly report their earnings and risk their company being dissolved if they don’t increase profits year-to-year.