Here’s why your favorite products suck today
The Problem with Publicly Traded Companies
Publicly Traded Companies are any companies that have share holders and are traded on Wall Street.
If you have ever worked for a publicly traded company or have invested in one, then you will understand what I am talking about. As a share holder, people expect for their shares to increase yearly. People invest to make money. They do not want their shares to go stagnant or decrease. They always want an upward trend. Every Publicly traded company is supposed to have a ”return on investment” of at least 10% every year for the share holders.
The problem with this scenario is that there are only so many ways you can continue to increase profits. The easiest way is to cut costs. What that means is they make things cheaper and junkier the longer they are a Publicly shared company. They can only raise the prices for a short time, so instead they cut the costs.
If you love a small company, it’s always a shame once they become publicly traded, because the things you loved disappear. Like for example you know a certain company is all about quality over quantity. As soon as that company becomes publicly traded it has to be quantity over quality. The money of the stocks becomes more important than the product.
We see this a lot in Las Vegas with the casinos, Whole Foods and the Cannabis dispensaries that are on Wall Street. You see the companies cutting corners every which way to appease the share holders and increase that profit 10%. A company staying at the same amount they made last year is a big no, no and might as well be a loss when it comes to share holders and stocks. All they are looking for is more money in their wallets.
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