Tech’s broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.
“Rent seeking” has a nice ring to it in this case, I think. The previous situation was fine, except for not being profitable enough for the right people.