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Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints (finance.yahoo.com)
submitted 1 week ago by to c/technology@lemmy.world
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[–] 14 points 1 week ago (3 children)

What it is is proof stocks should not be sold to investors. Should be owned by employees. Coops ftw

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  • [–] 7 points 1 week ago (2 children)

    Yes but then how will the execs make money

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  • [–] 3 points 1 week ago (1 child)

    How will employees raise for any kind of cap-ex? This simply does not work in practice.

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  • [–] 2 points 1 week ago*

    The current system has folks raising cap-ex by selling bits of control in their company, but this is a thread about how that system has failed to both expand capacity and increase the utility of reddit. So. IDK, they could raise money with bonds or grants or something. It doesn't really matter too much because the current system simply doesn't work in practice either.

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  • [–] 1 point 1 week ago

    I'm a big fan of employee owned companies and I think that should be encouraged.

    At the same time, there IS a place for investors.

    But all 3 factors of production (land, labor, capital) are supposed to have equal seats at the table. In recent years capital owns the table and chairs and decides when land and labor are allowed to speak, which is not what successful capitalism looks like.

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