Self-interest + shortermism + monopoly power = whatever this shit is:
"Frontier knew that it could make a billion dollars in profit over a decade by investing in fiber build-out, but it chose not to, because stock analysts will downrank any carrier that made capital investments that took more than five years to mature. Because Frontier's execs were paid primarily in stock, they chose... to leave a billion dollars sitting on the table..."
https://pluralistic.net/2024/05/16/symmetrical-10gb-for-119/#utopia
Cory Doctorow (npub1fdr…lvhs)
#economics
Kyle Montanio /
npub165c…tdlq
2024-05-16 18:00:23
Author Public Key
npub165ct04kdzaq7wtqsqthqawk5cygyamgfusv0m4mr2tusqhm4v88q9ltdlqPublished at
2024-05-16 18:00:23Event JSON
{
"id": "85afab9f6133b5d78b34f7c3315ae33deb558bc68fea95d43ab303e90897a968",
"pubkey": "d530b7d6cd1741e72c1002ee0ebad4c1104eed09e418fdd76352f9005f7561ce",
"created_at": 1715875223,
"kind": 1,
"tags": [
[
"p",
"4b461234559a9a14049435e1dd0e483916844ceadadfd6b5da824b157953bde6"
],
[
"t",
"economics"
],
[
"proxy",
"https://geekdom.social/@FantasticalEconomics/112451598640447403",
"web"
],
[
"proxy",
"https://geekdom.social/users/FantasticalEconomics/statuses/112451598640447403",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://geekdom.social/users/FantasticalEconomics/statuses/112451598640447403",
"pink.momostr"
]
],
"content": "Self-interest + shortermism + monopoly power = whatever this shit is:\n\n\"Frontier knew that it could make a billion dollars in profit over a decade by investing in fiber build-out, but it chose not to, because stock analysts will downrank any carrier that made capital investments that took more than five years to mature. Because Frontier's execs were paid primarily in stock, they chose... to leave a billion dollars sitting on the table...\"\n\nhttps://pluralistic.net/2024/05/16/symmetrical-10gb-for-119/#utopia\n\nnostr:npub1fdrpydz4n2dpgpy5xhsa6rjg8ytggn82mt0addw6sf93272nhhnqsjlvhs\n\n#economics",
"sig": "a8ae53309ebe02e2be5f2ec32112c729fadd9351abd41fa503dd8e3477097a6bd216cd7c162d400cdb6ad5156b6a1ae3d7d9d55b47a2ed6ee6ea1867ad564695"
}