←back to thread

617 points jbegley | 1 comments | | HN request time: 0.211s | source
Show context
a_shovel ◴[] No.42938313[source]
I initially thought that this was an announcement for a new pledge and thought, "they're going to forget about this the moment it's convenient." Then I read the article and realized, "Oh, it's already convenient."

Google is a megacorp, and while megacorps aren't fundamentally "evil" (for some definitions of evil), they are fundamentally unconcerned with goodness or morality, and any appearance that they are is purely a marketing exercise.

replies(26): >>42938388 #>>42938489 #>>42938510 #>>42938591 #>>42938601 #>>42938609 #>>42938748 #>>42938837 #>>42938863 #>>42938964 #>>42939027 #>>42940197 #>>42940547 #>>42942188 #>>42943178 #>>42944331 #>>42945189 #>>42945931 #>>42949501 #>>42950344 #>>42950383 #>>42951161 #>>42954362 #>>42958988 #>>42960021 #>>42991061 #
dylan604 ◴[] No.42938863[source]
What is Googs going to do, leave money on the table?

And if Googs doesn't do it, someone else will, so it might as well be them that makes money for their shareholders. Technically, couldn't activist shareholders come together and claim by not going after this market the leadership should be replaced for those that would? After all, share prices is the only metric that matters

replies(4): >>42938996 #>>42939042 #>>42942039 #>>42945491 #
1. gizmondo ◴[] No.42942039[source]
Activist shareholders can claim whatever they want, at the end of the day it's just noise, founders control the company completely.