Really? As a bottom dweller, rather than a master of the universe, I don't see any great harm.
Take Uber. A great service, cheaper rides, what's not to like. If investors stop subsidizing then and Uber was wiped from the board, who cares? I'll find some other way to get a ride. In fact their impact has only been positive, in shaking up the moribund taxi industry. I certainly don't see how it increases consumer costs in the long term, and quality has clearly benefited. Some of those benefits will stick even if Uber tanks.
As to "entices investors to eschew fundamentals and gamble on hype", frankly who the hell cares? Investors are big boys and girls, they don't need hand holding.
Take Uber. A great service, cheaper rides, what's not to like. If investors stop subsidizing then and Uber was wiped from the board, who cares? I'll find some other way to get a ride. In fact their impact has only been positive, in shaking up the moribund taxi industry. I certainly don't see how it increases consumer costs in the long term, and quality has clearly benefited. Some of those benefits will stick even if Uber tanks.
As to "entices investors to eschew fundamentals and gamble on hype", frankly who the hell cares? Investors are big boys and girls, they don't need hand holding.