this post was submitted on 29 May 2024
534 points (98.7% liked)
Technology
59197 readers
3617 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
PayPal. All the authority of a bank. None of the responsibility.
I feel like this could be used to describe any tech company that "innovates" or "disrupts" an area.
Correct... In late stage capitalism "innovation" means breaking some laws (Air B&B, Uber), smoke and mirrors (AI) or outright scams (Theranos)
This is why all these new "innovations" need to flood the market as hard and fast as possible.... Before anyone notices what they really are
Throw enough investor money at lawyers and anything is legal for an amount of time.
"Oh, I'm sowwy, did we bweak the law? Well here's 5,000 boxes of paper that say we didn't, see you in 18 months."
Exactly right