Wework, Uber, Lyft, Netflix, Bird, Amazon: late-stage capitalism is all about money-losing predatory pricing aimed at creating monopolies

Wework is definitely a piece of work, a money-hemorrhaging bezzle whose recently ousted founder siphoned a reported $700m out of the company while self-dealing and presiding over a series of bizarre missteps (from serving tequila shots and hosting a dance party with Darryl from Run DMC at the same meeting where he announced mass layoffs to banning his employees from expensing meals containing meat while getting caught eating meat himself). Read the rest

Amazon is full of Chinese counterfeits and they're driving out legit goods

When Amazon decided to allow Chinese sellers to direct-list their products on the service (rather than going through domestic importers), it was seen as a defensive move against Alibaba, their deep-pocketed Chinese rival and vendor of everything from legit gadgets to crime supplies. Read the rest