Tech promised to be the great equalizer. It turned into the great predator.
A friend rented an apartment here. I asked about rent. She said it changed by the hour based on some national rate. That sounded like nonsense to me until I read the following:
An antitrust class-action lawsuit was filed today in Seattle alleging property management software giant Yardi Systems and 18 property management companies colluded to fix rent prices in multifamily markets across the country.
The suit accuses the companies of using Yardi’s pricing software RENTmaximizer and revenue management software Revenue IQ in a coordinated effort to raise costs at the same time while maintaining occupancy.
And how does a music streaming service become a tool for the bad guys? Money laundering.
....criminal organizations have been exploiting Spotify for money laundering purposes since 2019.
Intelligencer did a story with Ponzinomics and Crypto Hype in the title. It is a scathing take on the many charlatans in crypto tech.
Institutional Risk Analyst reported:
The question is how state and federal regulators, as well as elected officials in both political parties, did not see that the entire construct of crypto currency was at best a form of money laundering and at worse outright fraud.
State and federal regulators, as well as elected officials in both political parties bear hugged the crypto hype and swallowed tech's "great equalizer" promise. It's time they regurgitated those up into the tech predator barf bag.
What happens when AI supercharges the lies and chicanery? Face it, you are on your own.
