5 mo. ago • 100%

Raspberry Pi is now a public company

techcrunch.com Raspberry Pi is now a public company | TechCrunch

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million.

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40 comments

is this the 'jumped the shark' moment for companies? as soon as they go 'public' you can no longer assume their product is their priority.

141
- Yes
  
  You can expect them to drop at maybe one more good product, as going public is what companies do when they want to raise a lot of funds for some project
  
  But after THAT, when it turns out that the new product is just... Making money instead of making ALL the money, the investors will take over and from then on it's fucked.
  
  But yeah RPi has alternatives now. No need to tie yourself to them when they DO sink.
  
  89
  
  I ordered a BananaPi board years ago but then life took me places where I didn't have time or energy to follow up. I've recently rejoined the hobbyist homelab market, so I've quite interested. I'd read that drivers could be an issue with non-Pi boards but haven't ever found out. Which boards / companies are recommendation-worthy at the moment?
  
  Asking twice because two people had similar replies and I'm looking for feedback, not because I want to spam the thread.
  
  22
- Ad soon as they go public, their product is their share price. And even before then, since most growing private companies seek out private investment long before going public.
  
  28
- Exactly. I'm not worried though. There are so many alternatives these days.
  
  19
  
  Would be really nice to name them when posting such a comment...
  
  12
  
  I ordered a BananaPi board years ago but then life took me places where I didn't have time or energy to follow up. I've recently rejoined the hobbyist homelab market, so I've quite interested. I'd read that drivers could be an issue with non-Pi boards but haven't ever found out. Which boards / companies are recommendation-worthy at the moment?
  
  Asking twice because two people had similar replies and I'm looking for feedback, not because I want to spam the thread.
  
  10
- Legally the product is no longer their priority, maximising shareholder profits is their priority.
  
  Not many companies manage to not get twisted to a worse product for the customers, though their ads get really good
  
  10
  
  really sounds like the stock market is just human greed distilled and removed from all direct responsibility.
  
  i cant understand how anyone can defend it. it is a cancer
  
  11
God damn it. It was nice while it lasted

94
INB4 trust fund babies and gormless capitalists go and ream every last fucking cent from the brand destroying it in the process before moving on to the next thing.

40
- as is tradition
  
  12
The enshittification begins.

35
- 10
How much stock ownership remains with the nonprofit Raspberry Pi Foundation? And will that be enough to hold off shareholder complaints that they aren’t being evil enough?

34
- I assume OpenAI sort of demonstrates the fragility of that arrangement...
  
  32
- The article said that they are the major shareholder.
  
  13
- No, being a public company the CEO is legally obligated to chase profits
  
  13
  
  No, shareholder interest, which - in the absence of the clear desire of the majority shareholder(s) - is assumed to be profit. So I think the question above is quite important actually
  
  12
  
  This is a common misconception based on an argument put forward my Milton Friedman. It’s based on legal cases where CEOs were taken to court for knowingly defrauding shareholders for their own personal gain (say, selling all of a companies assets of the company to a different company the ceo owns privately for a single dollar).
  
  Friedman argued that these cases set precedent that meant all CEO were legally obligated to maximize shareholder value and could be held legally accountable for not doing so. Friedman was wrong about this, like many other things he said, as he was not a lawyer, nor a particularly good economist. No CEO has even been successfully sued for “failing to maximize shareholder value” despite some people taking Friedman’s work to heart and trying to do so.
  
  11
I hope this isn't the prelude to a decline. I just ordered my third Pi over the weekend. It should arrive today. I'd hate to see the platform squandered by "make number go up" types.

25
- They’ve been declining for years. It’s time the community ditched them for RISC-V machines.
  
  39
  
  Hope that happens, maybe my riscv potato might get some use
  
  4
  
  I'm not familiar. Any recommendations?
  
  4
For fucks sake.

I just wanted a cm4

:neocat_cry:

14
I'm surprised it lasted this long. It was always kinda just a marketing gimmick for broadcom that got out of hand.

11
- Huh! I didn't realize that. It was a cool product.
  
  2
Shit

3

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