this post was submitted on 07 Dec 2025
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A ton of companies have ESOP, but that doesn't stop enshitification because the employees generally don't own enough shares to exert control.
Those shares are also generally for sale for a high enough price. Given the immense current value of the brand, when Gabe dies vultures of every variety will start circling. If they offer employees 2x their share price to sell, enough of them will do it to lose control to investors that just want to enshittify everything and milk it's brand for every last penny as they drive it into the ground.
My company is an ESOP and shares don't give us voting rights or any actual control, it's just a monetary incentive. The C-suite/board still control everything and unilaterally makes all the executive decisions.