>They corned the market, drove everyone out of it, and are now rent-seeking.

It's almost dumping [1]: they gave a service away for free (even if they were losing a lot of money) just to make it unfeasible for any other company to start a competing service.

Vimeo could have been a competitor, but then they pivoted to a professional market and now that Bending Spoons bought them [2], I'm not sure they will even have a future.

[1] https://en.wikipedia.org/wiki/Dumping_(pricing_policy) [2] https://news.ycombinator.com/item?id=45197302