There are a high proportion of far-left types on here. I could see them wanting something to be government-owned or something. But wanting a company to be privately-owned rather than publicly-owned seems odd to me.
And the “enshittification” comments seem odd too.
“Enshittification” isn’t some sort of catch-all term for a company doing worse. Doctorow coined it to refer to a point where a company that had been losing money to grow a customer base ends the rapid-growth phase and starts monetizing that base.
That makes business sense for some companies with low marginal costs and high fixed costs, and especially where there is network effect, like social media companies.
But here, the company is profitable, and not unreasonably so. Like, they don’t have a monetization phase that they need to transition to.
In 2023 alone, Raspberry Pi generated $266 million in revenue and $66 million in gross profit.
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 at today’s exchange rate.