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.
VC investing is effectively predatory pricing, squeezing out original non-tech service providers by providing services below cost, then replacing them with monopoly tech versions. The funding is intimately tied to the industry and they all use the same strategy.