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Even if that’s true, why should it bother you that money is being extracted from rich VCs and distributed to other rich people in the worst case, and working- and middle-class employees and customers in the best case?

Aren’t the rich VCs cashing in on the IPOs and letting the markets take the losses? Classic bubble behaviour - pay plenty so long as someone else will pay more.

Sort of like a ponzi scheme requiring a constant inflow of cash, where those who get out earlier are fine and the rest lose?

Don't forget that the rich VCs are often not putting up their own money but often pension funds from your local municipality .

It isn't necessarily like that. Uber has tried to “disrupt” fair conditions for transportation workers out of existence.

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