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The sites you mention (aside from Uber, which does not make a profit) found their way to profitability by building out and then cashing in from an apparatus of
by idlewords 8y ago
The sites you mention (aside from Uber, which does not make a profit) found their way to profitability by building out and then cashing in from an apparatus of mass surveillance unparalleled in human experience.
So if I'm critical about the "grow while burning money" strategy, it's because I've seen the damage the eventual successful business model does to civil society. It's a bait and switch that we don't have to continue falling for.
- simonebrunozzi 8y agoAnd yet, the mechanisms at play make it so that this system survives and thrives. How would you end it?
- idlewords 8y agoTax the wealth and put it to productive use that helps a broader group of people (mass transit, health care, education, climate mitigation).