sbv , 4 months ago

catch-all for companies doing something they don’t like.

Yes.

But it screws up entire markets:

new platforms offer useful products and services at a loss, as a way to gain new users. Once users are locked in, the platform then offers access to the userbase to suppliers at a loss, and once suppliers are locked-in, the platform shifts surpluses to shareholders.

So, it

1. gives users a warped sense of what they deserve by giving away a costly service, and running competitors out of business.
2. Then it puts a stranglehold on suppliers by holding users hostage.
3. Then it fucks everybody by extracting value for shareholders.