this post was submitted on 19 Feb 2026
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[–] suicidaleggroll@lemmy.world 7 points 2 days ago (1 children)

Publicly traded companies are legally required to put profits over sanity, safety, and everything else. It's a truly insane system we've put together for ourselves.

[–] ThirdConsul@lemmy.zip 1 points 1 day ago (1 children)

Interestingly they are not. Its commonly shilled by C-scum, but it's a lie.

[–] XLE@piefed.social 2 points 22 hours ago (1 children)

Look up "shareholder primacy". It's enshrined in law.

BTW you said Midjourney is a profitable company elsewhere. Can you provide a source?

[–] ThirdConsul@lemmy.zip 1 points 15 hours ago* (last edited 15 hours ago) (2 children)

It literally isn't. Google shareholder primacy and you'll notice its a norm, not a law (in the USA).

You can also Google Midjourney.

[–] XLE@piefed.social 1 points 13 hours ago (1 children)

Why don't you show us your Google result that proves Midjourney made of profit?

[–] ThirdConsul@lemmy.zip 1 points 12 hours ago (1 children)
[–] XLE@piefed.social 1 points 7 hours ago

Holz told The Register in August 2022 that the company was already profitable.

Is this still the case?