• Mandy@sh.itjust.works
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    5 months ago

    Whats events point of going public? Arent they making profit? Or what does it even do for then now?

    • 0x0@programming.dev
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      5 months ago

      Their goal shifts from making cool hardware to… money, make money at all costs to appease the shareholder devils.

    • Oaksey@lemmy.world
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      5 months ago

      In general the reasons could be, an opportunity to raise capital meaning they can ramp up production or produce a better product, and/or the current owners want to cash out.

      • Croquette@sh.itjust.works
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        5 months ago

        Most of the time is for the owner to cash out. Either now, or in a short time when the ramp up is done, for more money.