Some tech is getting pricier and looking a lot like the older services it was supposed to beat. Namely video streaming, ride-hailing, and cloud computing.
Its monopoly rent, remember that these industries were propped up by VCs and ran on losses for a long time. So now its time for VCs to make a ROI, thus prices are higher than they should be.
Its monopoly rent, remember that these industries were propped up by VCs and ran on losses for a long time. So now its time for VCs to make a ROI, thus prices are higher than they should be.