this post was submitted on 21 Aug 2023
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I think we've started to discover what the ???? steps before profit were.
The model was:
It's now:
This is a form of market manipulation which is outright illegal in some countries (e.g. Australia) and can be illegal in the US and EU if it meets certain criteria. It falls under anti-trust and monopoly prevention laws.
Basically our regulators aren't doing their job well enough, but what's new?
The regulators are doing their jobs, alright… It’s just not us they’re working for anymore.