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Not necessarily, but many are, especially the "uber-for-X" or airbnb type models where they rely on low paid labor or flouting regulations.
Can you elaborate on the question?
Mentor
Seems like the culture is a lot of long hours, low pay, no benefits. And at the end of the day, the company can easily devalue your shares to zero if they want to
Subject Expert
Yes, unless you are the founder & CXO