You left reddit because of capitalism. What is an IPO? It is the launch of a business onto the public capital markets to release equity and to enrich its existing owners. What do all businesses on the markets operate on? Short term growth for the next financial quarter optimised to enrich their investors (shareholders) in the shortest amount of time possible.
Capitalism consistently destroys everything you enjoy and yet you defend it relentlessly while asking for long term thinking, which is not a feature of capitalism. When you wake up to this reality you might actually start to question “maybe the socialists are right about a few things” and spend some time with us learning what we actually believe.