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How is this creating value for shareholders? They wasted a bunch of engineer and pm salaries building useless products that never made (and now never will make)
by praxulus 2y ago
How is this creating value for shareholders? They wasted a bunch of engineer and pm salaries building useless products that never made (and now never will make) any significant money.
- jellicle 2y agoBut that's not how shareholder value is created. Shareholder value is created by press releases and hype, encouraging new people to buy the stock and drive up the price, not by building anything useful to society or long-term profitable. So if Google Fit drove a hype cycle, it was successful.
- hollerith 2y agoYes, and that is why stock in pets.com is so valuable and why Segway, Inc, sold for so much money when it sold.