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by schnebbau 1829 days ago
They do it because it works. There are more than enough idiots out there who will nod and keep giving them money to make up for those that won't.

"Vote with your wallet" doesn't work, because too much of the population are lemmings.

2 comments

Voting with your wallet also doesn't work in an economy where companies are either backed by VCs or can borrow at near-zero interest rates. Companies like WeWork and Uber can lose billions per quarter by undercutting competitors, yet stay afloat because of the SV money hose.
It doesn't work with a captive audience, either. People are going to pay rather than have their machine bricked.