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Does enshitification happen because companies are publicly-traded? (beehaw.org)

submitted 2 months ago by [email protected] to c/[email protected]

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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?

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[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

I've followed that for a while :) Saw it on Hack a Day early in its development and thought it was one of the coolest ports I've ever seen. Sadly, I think he got D&D'd. Best I recall, I think it was unlicensed use of the N64 SDK or something like that.