This App Sums Up Why Everyone Hates Silicon Valley

By Lydia O’Connor : huffington – excerpt

If you’re wondering why so many San Franciscans claim the tech industry has turned the city into a playground for the wealthy, this new parking app does a pretty good job of summing things up.

MonkeyParking, which started in Rome and recently made its U.S. debut in San Francisco, lets drivers auction off their curbside parking spots to the highest bidder and earn as much as $150 a month, according to the app makers.

“Publish your parking spot on MonkeyParking every time that you park your car and get notified about drivers willing to pay for the spot,” the company explains on its AngelList investor page. “Accept the price and leave your spot to the driver within 10 minutes. It’s a smart way to make some extra $ when you’re about to leave your spot anyway.”

Parking spots in San Francisco are notoriously difficult to find, and MonkeyParking thinks it’s created a convenient solution.

But it may only end up being convenient for well-to-do smartphone owners with enough superfluous income to buy parking spots. The app has already aroused the ire of residents upset seeing a tech startup trying to commoditize public space… (more)

No trickle down money here. Just a lot of good old-fashioned greed, the kind that used to be considered so gosh in San Francisco, but now its the currency of choice. Making money off other people’s misery. No wonder San Francisco is now ranks as the fourth most stressed city.

RELATED:
People Go Bananas Over MonkeyParking – The SF City Attorney’s office is also looking into whether it’s legal. “So far, all we’ve determined for sure is that it’s extremely weird,” a spokesperson told The Chronicle.
As far as I can see (Twitter) tech people are lauding MonkeyParking as the most novel form of “sharing economy” yield management yet, and SF veterans are arguing that it is yet another example of a tech corporation profiting off of public space. I guess the moderate view is that it’s some sort of Italian anarchist performance art… (more)

 

2 thoughts on “This App Sums Up Why Everyone Hates Silicon Valley

  1. Pingback: PUBLIC TO TECH COMPANIES: “SCREW YOU!” $100 Billion in losses and counting… Consumers are fed up! | SOMO NEWS:

  2. Pingback: PUBLIC TO TECH COMPANIES: “SCREW YOU!” $100 Billion in losses and counting… Consumers are fed up! | MEETSLIFE

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