Yeah, private companies at least have the opportunity to forego greed to ensure a better product.
Heck, even some public companies are able to do it if they can prove to shareholders going the greedy route is a bad business decision (an investor floated the idea around Nintendo that they should charge money to make Mario jump higher.)
Elon took Twitter private, there aren’t any shareholders to answer to anymore.
As for reddit, they’ve been trying to go public for awhile now but afaik they have not succeeded yet, so also no shareholders.
Yeah, private companies at least have the opportunity to forego greed to ensure a better product.
Heck, even some public companies are able to do it if they can prove to shareholders going the greedy route is a bad business decision (an investor floated the idea around Nintendo that they should charge money to make Mario jump higher.)
This, however, is not one of those companies.
He is not the sole owner, he took it private with other people .