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Joined 2 years ago
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Cake day: July 4th, 2023

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  • No matter what kind of company you are, you have an obligation to follow the laws of whatever jurisdictions you’re doing business in.

    Also, there’s actually a lot of leeway in regards to doing your fiduciary duty to your shareholders. You’re not obligated to maximize short term profits at the expense of long term (ie by retaining skilled employees). That’s usually just a shitty board trying to suck as much money out of a company as possible and a CEO who doesn’t want to get fired by the board.

    I mean the whole metaverse thing was a long term play to capture a future market, which involved a lot of RnD money they just decided to light it on fire instead of making a useful product.