thefluffiest: “Like duh. Every IPO is specifically about grabbing…” — Plamenu

posted in Technology

sanitation@sanitation@lemmy.today

Every tech IPO cycle promised to spread wealth around. None of them ever did

qz.com/tech-ipo-wealth-geographic-concentration-bay-area-071626

Tech IPO wealth concentrates in fewer places, not more

QuartzTech IPO wealth concentrates in fewer places, not moreTech IPO fortunes keep landing in the same zip codes, with the AI boom expected to pack 12,000 new millionaires into San Francisco alone

thefluffiest@thefluffiest@feddit.nl

Replying to @⁨sanitation@lemmy.today⁩

Like duh. Every IPO is specifically about grabbing wealth from others and funneling it into corporate pockets.

The other way around is called socialism

⁨Jul⁩ ⁨30⁩, ⁨2026⁩, ⁨04:31⁩en