I agree with this sentiment which is why I'm in favor of strong antitrust enforcement... but I don't think that's the complaint I picked up from the article. Th

I agree with this sentiment which is why I'm in favor of strong antitrust enforcement... but I don't think that's the complaint I picked up from the article. Their complaint seems to be that it's too easy for "colossally stupid assholes" (direct quote) to enter a space posing as a "disruptor", raise an enormous valuation for an idea that doesn't really work, and then scam consumer investors into paying for an IPO based on hype and/or pure speculation. If that's true, then it makes sense that investors will ultimately get wise to it and either start investing in things that show a proven profitability, or else lose their money. The underlying FOMO behind all these bubbles contains the seeds of its own destruction - I don't disagree with the author about that.