this post was submitted on 25 Sep 2023
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That's the problem - based on the CEO selling almost all his stock over time and rumors attributed to employees, they knew.
A company turning a consistent modest profit is good for many people, but makes no one rich. It's a good investment and provides for many people, but is meaningless if you're already rich.
A company exploding to 100x its size makes a bunch of people very rich and a lot of people more wealthy, but is very rare in this age where the world is already as industrialized as anyone wants it to be. There's nowhere else to expand, no underdeveloped countries with resources to buy for pennies on the dollar
A company imploding can make a few people rich... but it's a big guaranteed payout if you see it coming.
That's the stage of capitalism we've been at for a while - cannibalization.