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They are proving value by solving a market inneficiency (a good, parking spaces, being available at sub-market rates, free). As such, they have a right to some
by gizmo686 12y ago
They are proving value by solving a market inneficiency (a good, parking spaces, being available at sub-market rates, free). As such, they have a right to some of the profits.
By increasing the cost of parking spaces, they improve the efficiency of allocation by making sure they go to people who value them at $20 before people who value them at 0.003$
Or, more likely, they live outside of US juristiction, so they have plenty of time to make a profit, and when the law does catch up to them, they are likely not looking at anything worse then needing to shut down the service.
- deleted 12y ago[deleted]