Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
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Because when you have shareholders, there's no such thing as "we're profitable enough". Shareholders always demand more. Ads means more profit, at least in the short term. Next quarter profits are all that matter to public companies.
It's obscene, but it's the way it is.
It's not just that they demand more, they demand more/faster growth all the time. It doesn't matter that the economy has slowed down to borderline recession, it doesn't matter that they pretty much captured all the market they can, they still need to make more and more money every quarter otherwise they're considered a failure even if they are one of the biggest companies in the world.