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by 0xEF 825 days ago
Now I'm curious how many tech companies actively used questionable practices to build their foundation, then lobbied to make those practices illegal to mitigate competition. I've a feeling this is so common that they don't even see the irony in it anymore.
6 comments

All of them. It’s no coincidence Facebook is leading the charge to regulate social media, AI, and other technology usage.

Regulation is a nice “free”* moat once you’ve made it.

*lobbying costs aside

Don't you remember the open letter for getting current AI devs to halt under some false premise while the true reasoning was to give time for the late starters to catch up?

These people have no morals, and if social media were to suddenly disappear, I think the planet and all that live on it would be better for it

"Lyft joins Uber in fight for stronger taxi regulations"

Waiting for The Onion to write it. Or the NY Times; both are just as likely.

I read The PayPal Wars and it was wild to me how the author goes back and forth between complaining about how much regulation sucks and talking about how great it was that could take advantage of regulation in their fight about eBay.
That's what FTX was attempting to do with regard to cryptocurrency
If only they could have stolen billions instead, it would have been so much simpler
Irony is something made out of metal in the VC money fueled world of make it useful then make it expensive.
All of them. Building a value moat and rolling up the ladder 101.