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Even if that’s true, why should it bother you that money is being extracted from rich VCs and distributed to other rich people in the worst case, and working- a
by umanwizard 7y ago
Even if that’s true, why should it bother you that money is being extracted from rich VCs and distributed to other rich people in the worst case, and working- and middle-class employees and customers in the best case?
- Ididntdothis 7y agoDon't forget that the rich VCs are often not putting up their own money but often pension funds from your local municipality .
- randomsearch 7y agoAren’t the rich VCs cashing in on the IPOs and letting the markets take the losses? Classic bubble behaviour - pay plenty so long as someone else will pay more.
- TazeTSchnitzel 7y agoSort of like a ponzi scheme requiring a constant inflow of cash, where those who get out earlier are fine and the rest lose?
- TazeTSchnitzel 7y agoIt isn't necessarily like that. Uber has tried to “disrupt” fair conditions for transportation workers out of existence.