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[โ€“] 39 points 10 months ago

Bad. It's always bad for the user. It's good for the people at the top, but the reason for going public is never ever for the benefit of the consumer.

The reason is that even if the initial buy-in helps fund innovation, that will inevitably be replaced by enshittification as the board of investors demand "line must go up." You can't be consumer focused and chase profits; they are mutually exclusive.

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