Seriously? If a company is publicly traded, they're legally required to prioritize shareholder value, unless they're a benefit corp or something with multiple bottom lines. I suppose you could call it values-driven to drive up the bottom line, but that's not normally what people mean.

▲

jakelazaroff 4 hours ago | parent [-]

IANAL but no, executives are not actually legally required to increase shareholder value.

▲

verdverm 4 hours ago | parent | next [-]

They generally are aiui. Bluesky was formed as a PBC, which is basically a corporation where investors cannot sue for deralict of fiduciary duty.

▲

irishcoffee 3 hours ago | parent | prev [-]

https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.#Judgme...

Allow me introduce you to the inception of enshittification

	▲	jakelazaroff 3 hours ago \| parent [-]
		The section you linked to says the decision was non-binding, and the next section includes multiple quotes disputing the idea that such a legal requirement exists.