Definitely agree. That’s the entire global capitalist platform, with the last ~50 years dialing that mentality up to 11. Profits today above everything else. Publicly traded corporations will be one of the primary causes that leads to downfall of everything (and yes, I realize they’re not the only problem plaguing our society and environment, but they’re a damn big one).
My workplace stock price plunged 80% when the earnings report was lower than previous year. Not loosing money, but earned slightly less than previous year.
A company that makes hundreds of millions in revenue, every single year for decades, had a single year where the revenue decresead ever so slightly, not even close of going into red numbers.
The best thing is when companies make less more profit than the year before and headlines read like they lost money when the profits still went up just not enough up.
Definitely agree. That’s the entire global capitalist platform, with the last ~50 years dialing that mentality up to 11. Profits today above everything else. Publicly traded corporations will be one of the primary causes that leads to downfall of everything (and yes, I realize they’re not the only problem plaguing our society and environment, but they’re a damn big one).
My workplace stock price plunged 80% when the earnings report was lower than previous year. Not loosing money, but earned slightly less than previous year.
A company that makes hundreds of millions in revenue, every single year for decades, had a single year where the revenue decresead ever so slightly, not even close of going into red numbers.
Stock market is the most irrational thing
The best thing is when companies make less more profit than the year before and headlines read like they lost money when the profits still went up just not enough up.