r/technology • u/AdSpecialist6598 • May 28 '26

Society The Netherlands just blocked a US company from buying the app Dutch citizens use for everything

https://www.techspot.com/news/112552-netherlands-blocked-us-company-buying-app-dutch-citizens.html
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u/CountSheep May 28 '26

American here: why the fuck do American corporations have to buy up everything. They’ve already ruined us why ruin other places.

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u/KotR56 May 29 '26

Money money money.

American shareholders demand profits. Bigger profits than last time.

If a company doesn't achieve bigger profits, they threaten to "dump" the company's shares, making the company vulnerable, a target for (hostile) take-over, and financial ruin.

CEOs also love large paychecks and will do whatever it takes to get there.