this post was submitted on 11 Jun 2024
648 points (98.2% liked)
Technology
58981 readers
4171 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In Tech, an IPO means the business is market ready to be sold off in pieces, ie stocks. The people who buy the product don't care what it does, they use the product maker as a vehicle to more growth and profit. Typically that means the people who now own the business make poor choices about cost cutting, like off shoring support and removing unuseful documentation while removing people with critical tribal knowledge about processes. Each step the new owner takes will be to make the business more profitable, and in the world of business, the only thing they care about are the numbers and not the environment or people that created those numbers.