Comment Re:Beholden to shareholders? (Score 1) 12
Shareholders definitely push a company to focus on profit, which can lead to short-termism.
However, going public also forces discipline on a company, in a way that privately held ones lack.
For a while, Zuckerberg was fixated on developing a goofy online world that looked like a 15 year old MMO. Oh yeah he called it Metaverse, right? He flushed billions of dollars of internal money to developing it, because nobody can tell him "no" when it comes to running the Facebook empire.
If Musk's companies become subject to more shareholder scrutiny, the shareholders might eventually balk at an AI that specializes in neo-nazi philosophy and revenge porn.
However, going public also forces discipline on a company, in a way that privately held ones lack.
For a while, Zuckerberg was fixated on developing a goofy online world that looked like a 15 year old MMO. Oh yeah he called it Metaverse, right? He flushed billions of dollars of internal money to developing it, because nobody can tell him "no" when it comes to running the Facebook empire.
If Musk's companies become subject to more shareholder scrutiny, the shareholders might eventually balk at an AI that specializes in neo-nazi philosophy and revenge porn.