A 'Fuck You' in this instance is ignoring regulations that have been in place for years preventing outside competition. This is the 'disrupt' startup model.
It works well when you have lots of capital to expand and fight lawsuits.
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It works well when you have lots of capital to expand and fight lawsuits.
- Uber is an end-run around existing taxi monopolies (imo a good thing), plus I believe taking advantage of people’s inability to think longer term about depreciation on their vehicle when calculating earnings.
- crypto is an end-run around securities regulations. It’s not a payment system it’s an investment scam that would be illegal if used with other financial instruments
- a vast swath of big tech is profitable on the back of not providing customer service or recourse of any kind and just automating business without regard for edge cases (not necessarily regulation but formerly a requirement for a business to participate in society)