this post was submitted on 11 Oct 2024
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Gabe heads a company which is successful because it respects its employees, customers, and suppliers instead of constantly trying to marginalize and abuse them. They are not perfect by any means, but they do fit into the definition of ethical capitalism, which should not be understated. They don't employ anticompetitive tactics like bribing/coercing developers into exclusivity contracts. They don't operate with a bunch of 1099 contractors so they can avoid providing benefits. Etc.
And they could do all of these good things while charging less than 30% and Gabe would be the only one feeling a negative impact on his finances.
As for contractors, they do hire them, court documents came out and their profits per actually employees are way higher than most companies, why? Contractors aren't employees.