Hacker News Reader

I don't think he's ever suggested Facebook is anything but a for profit enterprise, but I think it is an extremely cynical take that "build a product a billion people would use before thinking about monetization" actually means "think about monetization first".

View on HN

The literal only goal of a public company is to make money for its shareholders; shareholder wealth maximization.

I think your altruism is misplaced because they most certainly are thinking of $$$ first and foremost.

> The literal only goal of a public company is to make money for its shareholders; shareholder wealth maximization.

No it’s only a theory that emerged in the 70’s (https://en.m.wikipedia.org/wiki/Friedman_doctrine).

Reply on news.ycombinator.com