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> government regulations are designed for large companies. So a publicly traded company with 25B in market cap and member of Russell 1000 index is a 'small com
by cat199 7y ago
> government regulations are designed for large companies.
So a publicly traded company with 25B in market cap and member of Russell 1000 index is a 'small company'?
- tathougies 7y agoWell, Square was -- in living memory for HN -- a startup. If every company has to skirt regulations in order to gain a 25B market cap to compete with larger players, then we need to re-think what our regulations are. Otherwise, they just serves as validators for oligopolies. This is called regulatory capture, and is not something to be defended.