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Apple jacks prices to juice profits because $19.3B a quarter isn't enough(www.theregister.com)

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Lee Duna@lemmy.nz
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PersonalDevKit@aussie.zone
87 points
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The stock price will fall if we don’t make more money then we did last year.

  • But why?

Because we are legally obliged to do what is best for shareholder, or they can sue us.

  • Right so the company needs to make more money again and again and again until the company or the world dies

About sums it up

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Immersive_Matthew@sh.itjust.works
17 points

Accurate. The laws need to find a balance as I get shareholders who took a risk on business would like to see a return, but it is way too slanted to the point that the risk is on our entire society. We need people to be in those laws not just shareholders.

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