This is the type of bullshit that psychopaths use to justify their actions.
No company is entitled to their business model, especially if they can only "capture value" by destroying the competition and/or stopping others from creating value on their own.
Having a "guiding principle" does not mean that other principles should be ignored. Go ahead and focus on making money, but do not use that as an excuse to become a rent-seeking parasite on the rest of society.
This is literally US law and has been around forever. Here's an example from 1919. Ford tried to take their excess profits to give employees raises and reduce the price of their cars.
If you bothered to read the footnotes of the wikipedia page, you'll see:
Dodge is often misread or mistaught as setting a legal rule of shareholder wealth
maximization. This was not and is not the law. Shareholder wealth maximization is
a standard of conduct for officers and directors, not a legal mandate. The business
judgment rule [which was also upheld in this decision] protects many decisions that
deviate from this standard. This is one reading of Dodge. If this is all the case
is about, however, it isn't that interesting.
No, that's socialist. We should give them more money because they few actually pulled themselves up by their own bootstraps. They're simply better than we are in every way.
The system didn't make a decision on how much the CEO gets paid. It made the decision that the board of a public company can't give the shareholders money to their friends.
If they have no employees and no servers in the EU, there is nothing they are required to do. You could try to get a judgement in a US court based on a EU law, but that won't go well.
Are you sure? I used to see adverts for jobs in their Amsterdam office. Going on their careers page, they currently are looking for SREs in Amsterdam, Dublin, and Berlin.
Maybe it's age - maybe it's because I don't use Reddit "properly" - but I feel like it has got worse over time and as the user-base has grown. I prefer to remain a lurker; no account, just viewing r/popular or occasionally specific sub-Reddits depending on what I'm looking for.
In ~2007 I'd go to Digg for low-brow content; pics of cats, posts for shock-value, humor, etc. and Reddit for news or discussion, etc. It felt almost like Slashdot but maybe less tech centric - maybe nostalgia is slanting my memory but that's how I remember it. It feels like Reddit has morphed into the former (with Ads now) - at least judging by popularity (or whatever the algorithm is feeding me). I might be wrong, it's above my paygrade and skills, but it feels like any changes that would need to happen to make Reddit a successful growth stock are at odds with what I liked about it in the first place.
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[ 2.3 ms ] story [ 75.6 ms ] threadNo company is entitled to their business model, especially if they can only "capture value" by destroying the competition and/or stopping others from creating value on their own.
Having a "guiding principle" does not mean that other principles should be ignored. Go ahead and focus on making money, but do not use that as an excuse to become a rent-seeking parasite on the rest of society.
https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
Maybe the system we have in place that decides how much CEOs get is due for update?
Crazy!
Delaware should also reorganize Tesla so that shareholders have a vote as to how Musk is paid—just like every other public company.
If Reddit wants to serve ads to users in the EU and store their info (email, ip, post content, etc), then the GDPR absolutely applies.
Enforcement is another question, but several US companies have been fined due to GDPR violations.
Reddit S1
https://news.ycombinator.com/item?id=39472782
In ~2007 I'd go to Digg for low-brow content; pics of cats, posts for shock-value, humor, etc. and Reddit for news or discussion, etc. It felt almost like Slashdot but maybe less tech centric - maybe nostalgia is slanting my memory but that's how I remember it. It feels like Reddit has morphed into the former (with Ads now) - at least judging by popularity (or whatever the algorithm is feeding me). I might be wrong, it's above my paygrade and skills, but it feels like any changes that would need to happen to make Reddit a successful growth stock are at odds with what I liked about it in the first place.