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?
Private companies also seek to maximize profits…
True but they dont have a knee to their neck from share holders to increase profits year over year.
Private companies still have investors and board members they’re accountable to.
Cough: Blackstone KKR etc.