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The TV streaming apps broke their promises, and now they’re jacking up prices (arstechnica.com)
submitted 3 years ago by to c/technology@lemmy.world
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For a moment, it seemed like the streaming apps were the things that could save us from the hegemony of cable TV—a system where you had to pay for a ton of stuff you didn't want to watch so you could see the handful of things you were actually interested in.

Archived version: https://archive.ph/K4EIh

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[–] 29 points 3 years ago (3 children)

If they’re not losing money, shareholders do not care. The end goal of a corporation is to maximize profits for the shareholders within the confines of the law. So until they start actually costing shareholders substantial amounts of money they will do nothing.

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  • [–] 22 points 3 years ago (1 child)

    The end goal of a corporation is to maximize profits for the shareholders within the confines of the law.

    And if the fine is greater than the profit, or they don't get caught, that's okay too.

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  • [–] 9 points 3 years ago

    Yep. It’s easier to just break the law, pay the fine, and continue making billions over actually stopping the activity that causes the fine. That’s what happens when it’s almost impossible to hold anyone actually personally responsible force actions of a corporation.

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  • [–] 4 points 3 years ago*

    In a way it would be really nice if you couldn't sell short term stocks and there were minimum holding periods of 1 to 3 years based on the company metrics. That alone would flip a lot of these quarterly incentives, heck quarterly earnings calls themselves would probably be less frequent. Even if you had to register the sale 6 months in advance would solve a lot in my opinion. But of course again, that would destroy the entire finance industry as we know it.

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