> structured to extract as much as possible (by law, if they are public).
This is not true and it’s not what fiduciary duty means. Stop repeating it, it’s really dumb.
Companies very frequently do not monetize things that they could under the guise of “building brand recognition” or “establishing a user base”. It’s even as easy as “raising the price will alienate customers we think are important to long term revenue”.
It’s trivial to justify not extracting maximum price and public companies do it all of the time.
Look at Costco’s business model if you want an example
This is not true and it’s not what fiduciary duty means. Stop repeating it, it’s really dumb.
Companies very frequently do not monetize things that they could under the guise of “building brand recognition” or “establishing a user base”. It’s even as easy as “raising the price will alienate customers we think are important to long term revenue”.
It’s trivial to justify not extracting maximum price and public companies do it all of the time.
Look at Costco’s business model if you want an example