I think originally they had good intentions. But they just cannot afford not to pull up the ladder, they raised too much.

> I think originally they had good intentions.

It was never the intent. What we are seeing is the methodology that Peter Thiel (hello, ycombinator) described in his book Zero to One [0]: "Competition is for losers"

[0] https://en.wikipedia.org/wiki/Zero_to_One

Intentions never win over incentives, especially as time and scale increase. And we live in an economic system where the only incentive is "make as much money as possible".